Insider Selling: Radian Group Inc. (NYSE:RDN) Insider Sells 14,705 Shares of Stock

Radian Group Inc. (NYSE:RDN) insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Radian Group Trading Up 0.2 %

Shares of Radian Group stock traded up $0.08 during midday trading on Friday, reaching $34.64. The company had a trading volume of 796,215 shares, compared to its average volume of 1,040,747. The stock has a fifty day moving average price of $34.48 and a 200 day moving average price of $33.77. Radian Group Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $37.86. The firm has a market cap of $5.16 billion, a PE ratio of 8.97, a P/E/G 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) last issued its quarterly earnings results 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. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. On average, equities analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.83%. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RDN. Public Sector Pension Investment Board boosted its position in shares of Radian Group by 5.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock valued at $10,305,000 after purchasing an additional 17,367 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after buying an additional 121,166 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of Radian Group by 27.4% during the 2nd quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider’s stock worth $23,221,000 after buying an additional 160,778 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Radian Group in the 3rd quarter valued at $2,650,000. Finally, AQR Capital Management LLC lifted its position in shares of Radian Group by 70.3% during the 2nd quarter. AQR Capital Management LLC now owns 280,626 shares of the insurance provider’s stock valued at $8,727,000 after acquiring an additional 115,836 shares during the period. 95.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research 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 stock. Based on data from MarketBeat, Radian Group presently has a consensus rating of “Hold” and a consensus price target 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.