Radian Group Inc. (NYSE:RDN) EVP Sells $337,200.00 in Stock

Radian Group Inc. (NYSE:RDN) EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $33.72, for a total value of $337,200.00. Following the transaction, the executive vice president now owns 201,586 shares of the company’s stock, valued at approximately $6,797,479.92. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Radian Group Stock Up 1.0%

NYSE RDN opened at $33.54 on Monday. The stock’s 50 day moving average is $32.85 and its 200 day moving average is $32.87. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86. The stock has a market cap of $4.51 billion, a PE ratio of 8.53, a P/E/G ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to analysts’ expectations of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Research analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.04%. Radian Group’s dividend payout ratio (DPR) is 25.95%.

Radian Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 21st that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 16.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Radian Group

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in Radian Group by 191.3% during the 1st 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. Picton Mahoney Asset Management raised its holdings in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the period. V Square Quantitative Management LLC raised its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares during the period. Covestor Ltd raised its holdings in Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock valued at $43,000 after buying an additional 355 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Compass Point downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $38.00 price objective (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Finally, UBS Group boosted their price objective on Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average price target of $36.83.

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.