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

Radian Group Inc. (NYSE:RDN) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,310,000 shares, an increase of 25.7% from the October 31st total of 5,020,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 6.0 days. Approximately 4.3% of the shares of the stock are sold short.

Analyst Ratings Changes

RDN has been the subject of several recent analyst reports. Barclays upped their price objective on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.10.

Insider Activity

In related news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 186,535 shares in the company, valued at $6,595,877.60. This represents a 15.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in RDN. V Square Quantitative Management LLC acquired a new stake in shares of Radian Group in the third quarter valued at about $27,000. Fifth Third Bancorp grew its stake in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the period. CWM LLC grew its stake in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 1,679 shares during the period. Hexagon Capital Partners LLC grew its stake in Radian Group by 37.0% during the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 611 shares during the period. Finally, Blue Trust Inc. grew its stake in Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Down 0.1 %

Radian Group stock traded down $0.05 during trading hours on Monday, hitting $35.74. The stock had a trading volume of 1,180,291 shares, compared to its average volume of 1,043,005. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 1.79 and a beta of 1.04. Radian Group has a one year low of $24.92 and a one year high of $37.86. The business’s 50 day simple moving average is $34.46 and its 200-day simple moving average is $33.73.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. The firm had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, equities analysts predict that Radian Group will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.74%. Radian Group’s payout ratio is 25.39%.

About Radian Group

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.