Radian Group Inc. (NYSE:RDN) EVP Sells $2,027,720.25 in Stock

Radian Group Inc. (NYSE:RDN) EVP Eric Ray sold 65,305 shares of Radian Group stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.05, for a total value of $2,027,720.25. Following the transaction, the executive vice president now directly owns 53,791 shares in the company, valued at approximately $1,670,210.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Radian Group Price Performance

Shares of NYSE RDN traded up $0.41 during midday trading on Friday, hitting $31.30. 655,042 shares of the company’s stock were exchanged, compared to its average volume of 1,183,674. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $31.25 and its two-hundred day moving average price is $29.08. The company 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 12-month low of $24.34 and a 12-month high of $33.69.

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

Radian Group Dividend Announcement

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

Hedge Funds Weigh In On Radian Group

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Radian Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after acquiring an additional 69,383 shares during the period. LSV Asset Management lifted its position in shares of Radian Group by 0.8% in the 1st quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock worth $229,732,000 after purchasing an additional 52,397 shares during the period. Donald Smith & CO. Inc. boosted its stake in shares of Radian Group by 17.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock valued at $114,552,000 after purchasing an additional 594,752 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Radian Group by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider’s stock valued at $99,517,000 after buying an additional 116,774 shares during the period. Finally, Norges Bank bought a new position in Radian Group in the fourth quarter worth about $53,792,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on RDN shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price target (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. UBS Group raised their target price on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and a consensus price target of $30.88.

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.