Radian Group (NYSE:RDN) Sees Strong Trading Volume – Here’s What Happened

Radian Group Inc. (NYSE:RDN) saw an uptick in trading volume on Wednesday . 2,961,233 shares changed hands during mid-day trading, an increase of 148% from the previous session’s volume of 1,194,123 shares.The stock last traded at $32.3620 and had previously closed at $31.67.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RDN shares. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Roth Capital reissued a “buy” rating and issued a $45.00 target price on shares of Radian Group in a research note on Friday, January 2nd. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, December 18th. Finally, UBS Group reduced their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Radian Group presently has an average rating of “Hold” and an average price target of $40.00.

Radian Group Price Performance

The firm has a market capitalization of $4.49 billion, a P/E ratio of 8.26 and a beta of 0.82. The stock’s 50 day simple moving average is $35.39 and its 200 day simple moving average is $34.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $303.19 million during the quarter, compared to analyst estimates of $308.77 million. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.Radian Group’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, November 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is currently 25.44%.

Insider Buying and Selling at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Radian Group

A number of large investors have recently added to or reduced their stakes in RDN. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after buying an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Radian Group by 16.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after acquiring an additional 310 shares during the last quarter. Bessemer Group Inc. boosted its stake in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 344 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.