Radian Group Inc. (NYSE:RDN) Sees Unusual Trading Volume in Its Shares

Paterniano Del Favero
Agosto 21, 2017

Radian Group Inc. shares had a trading volume of 692K by the end of trading on Friday. The company's stock had a trading volume of 1,079,276 shares. The company has a 50-day moving average of $17.28 and a 200 day moving average of $17.64. The firm has a market capitalization of $3.60 billion, a PE ratio of 19.20 and a beta of 1.61. Radian Group has a one year low of $12.96 and a one year high of $19.87. (NYSE:RDN) during the second quarter, Holdings Channel reports. The insurance provider reported $0.48 EPS for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.08. Radian Group had a return on equity of 12.81% and a net margin of 16.26%. The firm's revenue was up 4.9% compared to the same quarter a year ago. During the same period in the prior year, the company posted $0.38 earnings per share. This buyback authorization allows the insurance provider to buy up to 1.3% of its shares through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Additionally Radian Group Inc. declared a dividend that was paid on Monday June 5th, 2017. This dividend represents a yeild of $0.06 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Thursday, August 17th. Radian Group's dividend payout ratio (DPR) is now 1.18%.

In other Radian Group news, SVP Catherine Mary Jackson sold 17,130 shares of the firm's stock in a transaction on Tuesday, August 15th. The total value of its holdings increased 16.7%. Following the completion of the sale, the senior vice president now directly owns 80,720 shares of the company's stock, valued at approximately $1,389,998.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.83% of the company's stock. Hedge funds and other institutional investors own 92.71% of the company's stock.

Colony Group LLC grew its investment by buying 898 shares an increase of 0.7% as of 06/30/2017. Susquehanna International Group, Llp controls 302,914 shares worth $4,953,000. Macquarie Group Ltd. increased its position in Radian Group by 181.9% in the fourth quarter. Bank of Montreal Can now owns 60,841 shares of the insurance provider's stock worth $1,093,000 after buying an additional 23,529 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in Radian Group by 3.3% in the first quarter. Advisory Services Network, LLC expanded its stake by buying 103 shares an increase of 31.4%. Finally, James Investment Research Inc. purchased a new position in shares of Radian Group during the first quarter valued at $408,000.

A number of large investors have recently bought and sold shares of RDN. Barclays PLC reissued an "overweight" rating and set a $24.00 target price (down previously from $25.00) on shares of Radian Group in a research note on Wednesday, August 2nd. BidaskClub raised Radian Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th. ValuEngine raised Radian Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 7th. Finally, Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $21.00 target price on shares of Radian Group in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Radian Group now has a consensus rating of "Buy" and a consensus price target of $20.75.

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Radian Group Inc., launched on December 6, 1991, is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two business segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

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