Radian Group (NYSE:RDN) Shares Down 5.8% – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RDN. Barclays upped their price objective on 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 increased their price objective on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.10.

Radian Group Price Performance

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The stock has a market cap of $4.88 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.88 and a beta of 1.05. The firm has a 50 day moving average price of $34.94 and a 200 day moving average price of $33.12.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 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 net margin of 47.05% and a return on equity of 14.43%. On average, analysts forecast that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 3.02%. Radian Group’s payout ratio is 25.45%.

Insider Activity at Radian Group

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Eric Ray sold 53,791 shares of Radian Group 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. 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 owned by corporate insiders.

Institutional Trading of Radian Group

Several hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. increased its holdings in shares of Radian Group by 1.1% in the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Forum Financial Management LP purchased a new stake in shares of Radian Group during the 3rd quarter worth approximately $201,000. Van ECK Associates Corp boosted its position in shares of Radian Group by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider’s stock valued at $2,986,000 after acquiring an additional 24,880 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider’s stock worth $1,585,000 after purchasing an additional 589 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Radian Group by 1,767.2% during the third quarter. Farther Finance Advisors LLC now owns 12,977 shares of the insurance provider’s stock valued at $450,000 after purchasing an additional 12,282 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.