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

Radian Group Inc. (NYSE:RDN) Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Radian Group Trading Up 0.4 %

Shares of RDN stock opened at $33.04 on Tuesday. The firm has a market cap of $4.79 billion, a P/E ratio of 8.41, a PEG ratio of 1.73 and a beta of 1.06. Radian Group Inc. has a 1-year low of $28.98 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The firm’s 50-day simple moving average is $32.65 and its 200-day simple moving average is $33.90.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be issued a $0.255 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.09%. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RDN. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.80.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RDN. Picton Mahoney Asset Management raised its holdings in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the period. V Square Quantitative Management LLC raised its holdings in Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares during the period. Covestor Ltd raised its holdings in Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock valued at $43,000 after buying an additional 355 shares during the period. Smartleaf Asset Management LLC raised its holdings in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 2,119 shares during the period. Hedge funds and other 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.