Radian Group Inc. (NYSE:RDN) Short Interest Update

Radian Group Inc. (NYSE:RDN - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 12,390,000 shares, an increase of 41.1% from the February 13th total of 8,780,000 shares. Currently, 8.7% of the company's stock are short sold. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is currently 9.8 days.

Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.30 during trading on Thursday, hitting $31.99. 1,907,294 shares of the company traded hands, compared to its average volume of 974,696. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.73 and a beta of 1.04. The business's fifty day moving average is $32.61 and its 200-day moving average is $33.57. Radian Group has a one year low of $29.17 and a one year high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

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

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Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.19%. Radian Group's dividend payout ratio is 25.95%.

Insiders Place Their Bets

In related news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Radian Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management boosted its position in shares of Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares during the period. Covestor Ltd boosted its position in shares of 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 during the period. MML Investors Services LLC boosted its position in shares of Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after buying an additional 364 shares during the period. CX Institutional boosted its position in shares of Radian Group by 5.8% during the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock worth $261,000 after buying an additional 451 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of 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 during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDN has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. UBS Group boosted their price objective on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.