Radian Group Inc. (NYSE:RDN) CAO Sells $267,375.00 in Stock

Radian Group Inc. (NYSE:RDN) CAO Robert Quigley sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares in the company, valued at $1,725,174.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Radian Group Price Performance

Shares of RDN stock traded up $0.11 on Wednesday, reaching $35.80. The company’s stock had a trading volume of 642,483 shares, compared to its average volume of 1,037,808. The stock’s fifty day simple moving average is $33.70 and its 200-day simple moving average is $31.67. Radian Group Inc. has a 1 year low of $24.56 and a 1 year high of $37.86. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company has a current ratio of 0.41, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. The business had revenue of $312.37 million during the quarter, compared to analyst estimates of $324.00 million. Analysts forecast that Radian Group Inc. will post 3.61 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 26th will be given a $0.245 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.98 annualized dividend and a yield of 2.74%. Radian Group’s dividend payout ratio is currently 25.93%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RDN shares. Barclays lifted their target price on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. UBS Group lifted their price objective on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada upped their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Roth Mkm increased their price objective on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and an average price target of $35.90.

Institutional Investors Weigh In On Radian Group

Several large investors have recently added to or reduced their stakes in RDN. Vanguard Group Inc. increased its position in Radian Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after acquiring an additional 69,383 shares during the last quarter. LSV Asset Management grew its holdings in Radian Group by 0.8% during the 1st quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after purchasing an additional 52,397 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Radian Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after purchasing an additional 89,363 shares during the period. Thrivent Financial for Lutherans lifted its stake in Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after purchasing an additional 25,862 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after buying an additional 435,751 shares during the period. 95.33% of the stock is 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.