Radian Group Inc. (NYSE:RDN) COO Sells $701,030.23 in Stock

Radian Group Inc. (NYSE:RDN) COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total value of $701,030.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Radian Group Stock Up 0.1 %

Shares of RDN stock traded up $0.05 on Thursday, hitting $35.85. 597,969 shares of the stock were exchanged, compared to its average volume of 1,036,279. 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 firm has a market capitalization of $5.40 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. Radian Group Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $37.86. The business has a 50-day moving average of $33.81 and a 200 day moving average of $31.70.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $312.37 million for the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. Equities analysts anticipate that Radian Group Inc. will post 3.61 EPS for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, August 26th. Radian Group’s dividend payout ratio is presently 25.93%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Radian Group during the 4th quarter worth approximately $53,792,000. Hsbc Holdings PLC acquired a new stake in shares of Radian Group in the 4th quarter valued at $25,565,000. Vest Financial LLC increased its stake in shares of Radian Group by 6,836.0% in the 1st quarter. Vest Financial LLC now owns 585,886 shares of the insurance provider’s stock valued at $19,610,000 after purchasing an additional 577,439 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Radian Group by 460.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock worth $20,548,000 after buying an additional 542,801 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after buying an additional 435,751 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.