Noel Joseph Spiegel Sells 4,834 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Director Noel Joseph Spiegel sold 4,834 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the transaction, the director owned 20,008 shares in the company, valued at $724,089.52. This trade represents a 19.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Radian Group Trading Down 1.3%

NYSE:RDN opened at $35.26 on Thursday. Radian Group Inc. has a 52 week low of $31.50 and a 52 week high of $38.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s fifty day moving average is $35.11 and its 200-day moving average is $34.74. The firm has a market cap of $4.69 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.89 and a beta of 0.76.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. Radian Group’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. Equities analysts expect that Radian Group Inc. will post 5.23 earnings per share for the current year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be given a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group’s dividend payout ratio (DPR) is 25.12%.

Institutional Trading of Radian Group

Several large investors have recently made changes to their positions in RDN. Mercer Global Advisors Inc. ADV increased its position in Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after buying an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Radian Group by 16.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock worth $79,000 after buying an additional 310 shares during the period. Bessemer Group Inc. boosted its holdings in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 318 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Radian Group by 26.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 344 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on RDN. Barclays upped their target price on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. UBS Group lowered their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Royal Bank Of Canada initiated coverage on Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Finally, Wall Street Zen raised shares of Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.