Radian Group Inc. (NYSE:RDN) Director Sells $133,865.00 in Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Radian Group Stock Performance

Shares of Radian Group stock traded up $0.49 during trading on Friday, reaching $32.13. The company's stock had a trading volume of 864,763 shares, compared to its average volume of 1,312,597. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The business's 50-day moving average price is $32.67 and its 200-day moving average price is $33.84. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86. The firm has a market cap of $4.66 billion, a PE ratio of 8.17, a P/E/G ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

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Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.17%. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is currently 25.95%.

Hedge Funds Weigh In On Radian Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDN. Picton Mahoney Asset Management grew its holdings in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after buying an additional 485 shares in the last quarter. Covestor Ltd grew its stake in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after buying an additional 355 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after buying an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after buying an additional 2,119 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RDN. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. UBS Group raised their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Radian Group currently has an average rating of "Hold" and a consensus target price of $36.80.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.