Insider Selling: Radian Group Inc. (NYSE:RDN) Director Sells 2,500 Shares of Stock

Radian Group Inc. (NYSE:RDN) Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.45, for a total value of $83,625.00. Following the sale, the director now directly owns 22,329 shares of the company’s stock, valued at $746,905.05. This represents a 10.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Radian Group Price Performance

Shares of Radian Group stock traded down $0.13 during trading on Monday, hitting $33.40. 1,157,694 shares of the stock traded hands, compared to its average volume of 1,234,051. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.73 and a beta of 0.71. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $37.86. The firm’s fifty day moving average is $32.85 and its 200-day moving average is $32.87.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, beating 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 quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, June 2nd. Radian Group’s dividend payout ratio is currently 25.95%.

Radian Group announced that its board has authorized a stock repurchase program on Wednesday, May 21st that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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

Institutional Trading of Radian Group

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of Radian Group by 191.3% during the first 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 last quarter. Picton Mahoney Asset Management boosted its holdings in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 342 shares during the period. V Square Quantitative Management LLC boosted its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 485 shares during the period. Covestor Ltd grew its position in Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 355 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the period. 95.33% of the stock is owned by institutional investors.

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.