Radian Group Inc. (NYSE:RDN) CFO Sells $130,655.91 in Stock

Radian Group Inc. (NYSE:RDN) CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Radian Group Price Performance

RDN opened at $34.33 on Monday. The stock has a 50-day moving average price of $32.73 and a 200-day moving average price of $31.15. Radian Group Inc. has a 12-month low of $24.56 and a 12-month high of $37.86. The company has a current ratio of 0.41, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.17 billion, a P/E ratio of 9.08, a PEG ratio of 1.98 and a beta of 1.05.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, June 4th. Radian Group’s payout ratio is currently 25.93%.

Analyst Ratings Changes

RDN has been the topic of a number of analyst reports. Barclays boosted their price objective on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods boosted their price objective on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Roth Mkm boosted their target price on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, UBS Group boosted their target price on Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.90.

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 145.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 557 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Radian Group during the 4th quarter valued at about $46,000. CWM LLC boosted its holdings in Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 1,679 shares during the period. Finally, AXS Investments LLC purchased a new stake in Radian Group during the 4th quarter valued at about $66,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.