Radian Group (NYSE:RDN) EVP Sells $540,000.00 in Stock

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 15,000 shares of Radian Group stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $36.00, for a total transaction of $540,000.00. Following the completion of the transaction, the executive vice president directly owned 123,708 shares in the company, valued at approximately $4,453,488. The trade was a 10.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Down 1.1%

Shares of Radian Group stock traded down $0.38 on Friday, reaching $35.59. The stock had a trading volume of 768,846 shares, compared to its average volume of 1,339,927. The company has a 50 day moving average price of $33.80 and a 200 day moving average price of $34.30. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The stock has a market capitalization of $4.80 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.92 and a beta of 0.77.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Radian Group Inc. will post 4.72 EPS for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $0.255 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio (DPR) is 24.58%.

Institutional Trading of Radian Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pictet Asset Management Holding SA lifted its stake in Radian Group by 6.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 20,755 shares of the insurance provider’s stock valued at $687,000 after acquiring an additional 1,262 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Radian Group during the 1st quarter valued at approximately $1,988,000. Corient Private Wealth LLC lifted its stake in Radian Group by 3.1% during the 4th quarter. Corient Private Wealth LLC now owns 21,249 shares of the insurance provider’s stock valued at $765,000 after acquiring an additional 647 shares during the period. Hsbc Holdings PLC lifted its stake in Radian Group by 23.1% during the 4th quarter. Hsbc Holdings PLC now owns 90,154 shares of the insurance provider’s stock valued at $3,256,000 after acquiring an additional 16,895 shares during the period. Finally, State of Tennessee Department of Treasury lifted its stake in Radian Group by 37.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 57,009 shares of the insurance provider’s stock valued at $1,876,000 after acquiring an additional 15,438 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDN has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Roth Mkm reiterated a “buy” rating and issued a $45.00 target price on shares of Radian Group in a research note on Friday, January 2nd. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Finally, Barclays lowered their target price on shares of Radian Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.20.

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.