Radian Group Inc. (NYSE:RDN) Short Interest Update

Radian Group Inc. (NYSE:RDN) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 5,010,000 shares, a decrease of 17.6% from the September 30th total of 6,080,000 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 857,000 shares, the days-to-cover ratio is presently 5.8 days.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in shares of Radian Group in the 3rd quarter valued at about $27,000. Fifth Third Bancorp increased its position in Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after buying an additional 1,160 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Radian Group by 75.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after buying an additional 709 shares during the period. CWM LLC boosted its holdings in Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,949 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RDN has been the topic of several research analyst reports. Roth Mkm increased their price target on shares of 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 lifted their price objective on 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 upped their price target 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. Finally, Barclays upped their price objective 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.10.

Radian Group Stock Performance

RDN traded up $0.57 during trading on Monday, hitting $34.13. The stock had a trading volume of 81,359 shares, compared to its average volume of 1,003,346. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50 day moving average price of $34.96 and a 200-day moving average price of $33.04. Radian Group has a one year low of $24.92 and a one year high of $37.86. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 1.82 and a beta of 1.05.

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

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.87%. Radian Group’s dividend payout ratio is currently 25.93%.

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.