Radian Group (NYSE:RDN) EVP Edward Hoffman Sells 15,000 Shares

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $38.00, for a total value of $570,000.00. Following the transaction, the executive vice president directly owned 93,708 shares in the company, valued at approximately $3,560,904. The trade was a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Performance

Shares of RDN stock opened at $37.20 on Wednesday. The stock’s 50-day moving average is $34.43 and its two-hundred day moving average is $34.51. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.93 and a beta of 0.76. Radian Group Inc. has a 1 year low of $31.50 and a 1 year high of $38.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.40 and a current ratio of 0.58.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping 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 return on equity of 13.57% and a net margin of 40.50%.The business’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. Analysts predict that Radian Group Inc. will post 5.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays raised their price objective on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. UBS Group dropped their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Weiss Ratings lowered Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Finally, Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Radian Group has an average rating of “Moderate Buy” and an average price target of $41.00.

Hedge Funds Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently made changes to their positions in RDN. Norges Bank purchased a new position in shares of Radian Group during the fourth quarter worth about $77,364,000. Balyasny Asset Management L.P. lifted its position in Radian Group by 151.7% in the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after purchasing an additional 1,128,852 shares during the period. Donald Smith & CO. Inc. lifted its position in Radian Group by 43.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock valued at $108,411,000 after purchasing an additional 916,003 shares during the period. Vanguard Group Inc. lifted its position in Radian Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock valued at $589,393,000 after purchasing an additional 427,473 shares during the period. Finally, Millennium Management LLC lifted its position in Radian Group by 59.7% in the third quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock valued at $36,480,000 after purchasing an additional 376,533 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.