Eric Ray Sells 30,000 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) EVP Eric Ray sold 30,000 shares of the business’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 sale, the executive vice president now directly owns 13,957 shares of the company’s stock, valued at $464,768.10. This represents a 68.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Radian Group Price Performance

NYSE RDN opened at $33.54 on Friday. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The stock has a market capitalization of $4.51 billion, a PE ratio of 8.53, a P/E/G ratio of 1.73 and a beta of 0.71. The stock has a 50-day simple moving average of $32.85 and a 200 day simple moving average of $32.88.

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

Radian Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 21st that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 16.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.04%. Radian Group’s dividend payout ratio is presently 25.95%.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Radian Group by 20.6% during the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock valued at $341,505,000 after acquiring an additional 1,836,020 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Radian Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,340,962 shares of the insurance provider’s stock valued at $209,696,000 after acquiring an additional 246,799 shares during the period. American Century Companies Inc. increased its stake in Radian Group by 9.2% during the first quarter. American Century Companies Inc. now owns 3,658,250 shares of the insurance provider’s stock valued at $120,978,000 after acquiring an additional 306,889 shares during the period. Norges Bank bought a new position in Radian Group during the fourth quarter valued at about $73,693,000. Finally, River Road Asset Management LLC increased its stake in Radian Group by 0.3% during the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock valued at $52,160,000 after acquiring an additional 5,524 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RDN shares. Compass Point cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Finally, UBS Group boosted their price objective on Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.