Derek Brummer Sells 35,000 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) insider Derek Brummer sold 35,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the completion of the sale, the insider now directly owns 218,023 shares in the company, valued at $6,830,660.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.41 during mid-day trading on Friday, reaching $31.30. The company had a trading volume of 655,042 shares, compared to its average volume of 1,183,674. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.78 and a beta of 1.03. Radian Group Inc. has a one year low of $24.34 and a one year high of $33.69. The company’s 50-day moving average price is $31.25 and its 200-day moving average price is $29.08. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business had revenue of $319.42 million during the quarter, compared to analyst estimates of $314.76 million. During the same period last year, the business posted $0.98 earnings per share. Radian Group’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.52 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 4th. Radian Group’s payout ratio is currently 25.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 target price (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. UBS Group lifted their price objective on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.88.

Hedge Funds Weigh In On Radian Group

Several hedge funds have recently added to or reduced their stakes in RDN. Hexagon Capital Partners LLC boosted its stake in shares of Radian Group by 145.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 557 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Radian Group in the fourth quarter worth $46,000. AXS Investments LLC purchased a new position in shares of Radian Group in the fourth quarter worth $66,000. GAMMA Investing LLC purchased a new position in shares of Radian Group in the fourth quarter worth $101,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Radian Group in the first quarter worth $105,000. 95.33% of the stock is currently owned by institutional investors.

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.