Radian Group (NYSE:RDN) CEO Michael Weinbach Acquires 120,487 Shares

Radian Group Inc. (NYSE:RDN) CEO Michael Weinbach purchased 120,487 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $33.89 per share, for a total transaction of $4,083,304.43. Following the transaction, the chief executive officer owned 120,487 shares of the company’s stock, valued at $4,083,304.43. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Radian Group Stock Performance

RDN stock traded up $0.07 during midday trading on Tuesday, hitting $33.86. 1,788,624 shares of the stock traded hands, compared to its average volume of 1,334,824. The firm has a market cap of $4.50 billion, a P/E ratio of 8.34, a PEG ratio of 0.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s fifty day simple moving average is $35.19 and its 200-day simple moving average is $34.72. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $38.84.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm’s revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. On average, analysts expect that Radian Group Inc. will post 5.11 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 2nd. Radian Group’s dividend payout ratio (DPR) is currently 25.12%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the company from $35.00 to $43.00 in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Barclays lifted their target price on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.67.

Hedge Funds Weigh In On Radian Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 357 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Radian Group by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 901 shares during the last quarter. Walleye Capital LLC acquired a new position in Radian Group in the 2nd quarter valued at about $239,000. Finally, Marshall Wace LLP acquired a new position in Radian Group in the 2nd quarter valued at about $452,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.