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

Radian Group Inc. (NYSE:RDN) Director Gregory Serio sold 4,100 shares of the company’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 completion of the transaction, the director now owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Radian Group Price Performance

Radian Group stock opened at $31.78 on Thursday. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $32.68 and its 200 day simple moving average is $33.87. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its earnings results 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%. Sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.255 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.21%. Radian Group’s payout ratio is presently 25.95%.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of 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 upped their price objective on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note 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 has a consensus rating of “Hold” and an average price target of $36.80.

Institutional Investors Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock worth $341,505,000 after purchasing an additional 1,836,020 shares during the period. State Street Corp increased its holdings in shares of Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after purchasing an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Radian Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after purchasing an additional 248,423 shares during the period. FMR LLC increased its holdings in shares of Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after purchasing an additional 12,834 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after purchasing an additional 245,303 shares during the period. Institutional investors own 95.33% of the company’s stock.

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.