Insider Selling: Radian Group (NYSE:RDN) Director Sells $71,601.30 in Stock

Radian Group Inc. (NYSE:RDN) Director Margaret Anne Leyden sold 2,070 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the transaction, the director owned 6,864 shares of the company’s stock, valued at $237,425.76. This trade represents a 23.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Radian Group Stock Performance

RDN stock opened at $33.60 on Thursday. 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 company has a 50 day moving average price of $35.23 and a 200 day moving average price of $34.69. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $38.84. The stock has a market capitalization of $4.47 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same quarter in the previous year, the company posted $0.99 EPS. Radian Group’s revenue was up 46.6% on a year-over-year basis. Analysts forecast that Radian Group Inc. will post 5.11 EPS for the current year.

Radian Group Dividend Announcement

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

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after buying an additional 476 shares during the period. Bessemer Group Inc. grew its holdings in shares of Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Radian Group in the 4th quarter valued at $29,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 buying an additional 572 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on RDN shares. UBS Group dropped their target price on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Keefe, Bruyette & Woods upped 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. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays upped 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. Finally, Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.