Radian Group Inc. (NYSE:RDN) Short Interest Up 25.7% in November

Radian Group Inc. (NYSE:RDN - Get Free Report) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,310,000 shares, an increase of 25.7% from the October 31st total of 5,020,000 shares. Approximately 4.3% of the company's shares are sold short. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is presently 6.0 days.

Insider Buying and Selling

In related news, insider Derek Brummer sold 35,153 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. The trade was a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.16% of the stock is owned by insiders.

Institutional Trading of Radian Group

A number of institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Radian Group by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,282 shares of the insurance provider's stock worth $3,893,000 after buying an additional 5,195 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Radian Group in the first quarter valued at approximately $105,000. Tidal Investments LLC increased its position in shares of Radian Group by 5.2% during the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider's stock worth $319,000 after purchasing an additional 474 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Radian Group by 6.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 165,177 shares of the insurance provider's stock worth $5,353,000 after purchasing an additional 10,219 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Radian Group by 18.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,511 shares of the insurance provider's stock valued at $140,000 after buying an additional 714 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

Radian Group Stock Up 0.7 %

RDN stock traded up $0.25 during trading hours on Friday, reaching $35.79. 500,374 shares of the stock were exchanged, compared to its average volume of 1,042,269. The firm's 50-day moving average is $34.45 and its 200-day moving average is $33.67. Radian Group has a 12 month low of $24.92 and a 12 month high of $37.86. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, equities research analysts expect that Radian Group will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.74%. Radian Group's dividend payout ratio (DPR) is presently 25.39%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RDN shares. Royal Bank of Canada upped their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. Roth Mkm increased their price target on Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Finally, Barclays raised their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.10.

Radian Group Company Profile

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.

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