Radian Group (NYSE:RDN) Stock Price Down 5.9% – Here’s Why

Radian Group Inc. (NYSE:RDN)’s stock price traded down 5.9% on Friday . The company traded as low as $32.37 and last traded at $32.2790. 1,320,540 shares were traded during mid-day trading, an increase of 7% from the average session volume of 1,233,614 shares. The stock had previously closed at $34.32.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $42.00 in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Radian Group presently has a consensus rating of “Hold” and a consensus target price of $40.20.

Radian Group Stock Down 4.3%

The stock’s 50 day moving average is $34.62 and its 200 day moving average is $34.68. The company has a market capitalization of $4.45 billion, a PE ratio of 8.19 and a beta of 0.81. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s payout ratio is presently 25.44%.

Insider Buying and Selling at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction that occurred on 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 can be accessed through the SEC website. 2.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of Radian Group by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after purchasing an additional 288 shares during the period. EverSource Wealth Advisors LLC increased its stake in Radian Group by 16.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock worth $79,000 after acquiring an additional 310 shares during the last quarter. Bessemer Group Inc. increased its stake in Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 318 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Radian Group by 26.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Radian Group by 14.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 344 shares during the last quarter. 95.33% of the stock is 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.