Radian Group Inc. (NYSE:RDN) Director Gregory Serio Sells 4,100 Shares

Radian Group Inc. (NYSE:RDN) Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction 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. This represents a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Radian Group Price Performance

Shares of RDN stock traded up $0.13 on Monday, reaching $33.04. The company had a trading volume of 1,282,960 shares, compared to its average volume of 1,331,474. The business’s 50-day moving average is $32.65 and its 200 day moving average is $33.90. Radian Group Inc. has a one year low of $28.98 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. The stock has a market capitalization of $4.79 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last issued its quarterly earnings data 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 net margin of 46.85% and a return on equity of 13.96%. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. The ex-dividend date is Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.09%. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Institutional Trading of Radian Group

Several hedge funds and other institutional investors have recently made changes to their positions in RDN. Nordea Investment Management AB grew its holdings in Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after acquiring an additional 19,730 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Radian Group in the 3rd quarter valued at $512,000. EMC Capital Management increased its stake in Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock valued at $584,000 after purchasing an additional 13,810 shares in the last quarter. Principal Financial Group Inc. increased its position in Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock valued at $22,915,000 after buying an additional 13,202 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new position in shares of Radian Group during the third quarter worth approximately $2,650,000. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.