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

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

Radian Group Trading Up 0.2 %

NYSE:RDN opened at $34.64 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $34.48 and its two-hundred day moving average is $33.80. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The company has a market cap of $5.16 billion, a PE ratio of 8.97, a P/E/G ratio of 1.75 and a beta of 1.04.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. The company had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, analysts predict that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tidal Investments LLC acquired a new stake in shares of Radian Group in the third quarter worth $402,000. Sanctuary Advisors LLC boosted its holdings in shares of Radian Group by 11.3% during the third quarter. Sanctuary Advisors LLC now owns 20,541 shares of the insurance provider’s stock worth $718,000 after purchasing an additional 2,083 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Radian Group during the third quarter worth $2,402,000. Vestcor Inc raised its holdings in shares of Radian Group by 85.5% during the third quarter. Vestcor Inc now owns 36,524 shares of the insurance provider’s stock worth $1,267,000 after acquiring an additional 16,832 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Radian Group by 218.0% during the third quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock worth $9,868,000 after acquiring an additional 194,996 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays upped their price objective on 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 given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.10.

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.