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

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RDN. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $42.00 in a report on Wednesday. Finally, Roth Mkm restated a “buy” rating and set a $45.00 target price on shares of Radian Group in a research note on Friday, January 2nd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.20.

Radian Group Trading Down 4.3%

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 8.19 and a beta of 0.81. The firm has a 50-day moving average price of $34.66 and a 200 day moving average price of $34.68.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is 25.44%.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Radian Group

Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares in the last quarter. Financial Consulate Inc. acquired a new position in shares of Radian Group during the 3rd quarter valued at $29,000. Bessemer Group Inc. increased its position in shares of Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 318 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Radian Group in the 4th quarter worth $29,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.