Radian Group (NYSE:RDN) Trading Down 5.8% – Here’s Why

Radian Group Inc. (NYSE:RDN)’s stock price traded down 5.8% during trading on Friday . The stock traded as low as $32.80 and last traded at $32.87. 240,885 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,022,491 shares. The stock had previously closed at $34.91.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised 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. Barclays lifted their price target on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Roth Mkm lifted their price target on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lifted 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Radian Group has an average rating of “Hold” and a consensus price target of $36.10.

Radian Group Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $4.76 billion, a PE ratio of 8.23, a PEG ratio of 1.88 and a beta of 1.04. The business’s 50-day moving average is $34.86 and its 200-day moving average is $33.14.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. On average, research analysts anticipate that Radian Group Inc. will post 3.75 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a yield of 3.09%. Radian Group’s dividend payout ratio (DPR) is presently 25.45%.

Insiders Place Their Bets

In other news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Ray sold 53,791 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,772 shares of company stock valued at $4,260,796. Insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Several large investors have recently added to or reduced their stakes in RDN. V Square Quantitative Management LLC purchased a new stake in Radian Group during the third quarter valued at $27,000. Fifth Third Bancorp raised its stake in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 1,160 shares in the last quarter. CWM LLC raised its stake in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Radian Group by 37.0% during the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 611 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,949 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.