Insider Selling: Radian Group Inc. (NYSE:RDN) EVP Sells 30,000 Shares of Stock

Radian Group Inc. (NYSE:RDN) EVP Eric Ray sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.30, for a total value of $999,000.00. Following the completion of the transaction, the executive vice president now owns 13,957 shares of the company’s stock, valued at approximately $464,768.10. The trade was a 68.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Radian Group Stock Up 1.0%

Radian Group stock opened at $33.54 on Friday. The business’s 50-day moving average price is $32.85 and its 200 day moving average price is $32.89. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to analysts’ expectations of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 21st that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.04%. Radian Group’s payout ratio is 25.95%.

Institutional Investors Weigh In On Radian Group

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Radian Group by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,871 shares of the insurance provider’s stock valued at $3,464,000 after buying an additional 17,053 shares in the last quarter. Meritage Portfolio Management raised its stake in shares of Radian Group by 9.1% during the 4th quarter. Meritage Portfolio Management now owns 20,937 shares of the insurance provider’s stock worth $664,000 after buying an additional 1,744 shares during the period. Vest Financial LLC lifted its position in shares of Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after buying an additional 285,481 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Radian Group during the 4th quarter valued at approximately $268,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $38.00 price target (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group upped their price objective on shares of Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, Compass Point cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.83.

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.