Derek Brummer Sells 25,000 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN – Get Rating) insider Derek Brummer sold 25,000 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $21.75, for a total transaction of $543,750.00. Following the completion of the sale, the insider now owns 183,990 shares in the company, valued at approximately $4,001,782.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Derek Brummer also recently made the following trade(s):

• On Monday, March 6th, Derek Brummer sold 12,000 shares of Radian Group stock. The stock was sold at an average price of $23.17, for a total transaction of $278,040.00.
• On Tuesday, February 28th, Derek Brummer sold 13,130 shares of Radian Group stock. The shares were sold at an average price of $21.57, for a total transaction of $283,214.10.

Radian Group Stock Performance

NYSE:RDN opened at $22.85 on Tuesday. The company’s 50-day moving average price is $20.95 and its 200-day moving average price is $20.33. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.59 billion, a P/E ratio of 5.23, a P/E/G ratio of 1.42 and a beta of 1.16. Radian Group Inc. has a twelve month low of $17.83 and a twelve month high of $23.91.

Radian Group (NYSE:RDN – Get Rating) last issued its earnings results on Wednesday, February 8th. The insurance provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.18. Radian Group had a net margin of 62.39% and a return on equity of 22.58%. The company had revenue of $314.72 million for the quarter, compared to the consensus estimate of $312.63 million. During the same period in the previous year, the firm earned $1.07 earnings per share. Radian Group’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Radian Group Inc. will post 3.08 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, February 27th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a yield of 3.94%. Radian Group’s payout ratio is 20.60%.

Hedge Funds Weigh In On Radian Group

A number of institutional investors have recently bought and sold shares of the company. Truist Financial Corp increased its position in shares of Radian Group by 3.0% during the fourth quarter. Truist Financial Corp now owns 1,032,171 shares of the insurance provider’s stock valued at $19,684,000 after acquiring an additional 30,339 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Radian Group by 1,528.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,217 shares of the insurance provider’s stock valued at $2,826,000 after acquiring an additional 139,117 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of Radian Group during the fourth quarter valued at about $37,000. State of Wyoming increased its position in shares of Radian Group by 129.8% during the fourth quarter. State of Wyoming now owns 14,939 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 8,439 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Radian Group by 194.7% during the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 2,831 shares during the last quarter. 94.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RDN has been the topic of several analyst reports. Royal Bank of Canada raised their price target on shares of Radian Group from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, February 10th. BTIG Research lowered shares of Radian Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 6th. Bank of America upgraded shares of Radian Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, December 15th. Barclays lowered shares of Radian Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $24.00 to $21.00 in a research report on Friday, January 6th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Radian Group in a report on Thursday, February 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Radian Group presently has an average rating of “Hold” and an average target price of $23.71.

Radian Group Company Profile

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.