Noel Joseph Spiegel Sells 5,105 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Director Noel Joseph Spiegel sold 5,105 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.66, for a total value of $171,834.30. Following the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at approximately $673,469.28. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Radian Group Stock Performance

Shares of Radian Group stock opened at $33.70 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $32.85 and a two-hundred day moving average price of $32.87. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The company has a market cap of $4.53 billion, a P/E ratio of 8.57, a PEG ratio of 1.73 and a beta of 0.71.

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

Radian Group announced that its Board of Directors has authorized a share buyback program on Wednesday, May 21st that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to purchase up to 16.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.03%. Radian Group’s payout ratio is currently 25.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RDN shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $38.00 target price (up from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. UBS Group raised their target price on Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Finally, Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 23rd. Four 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 an average rating of “Hold” and an average target price of $36.83.

Institutional Trading of Radian Group

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the period. Picton Mahoney Asset Management grew its stake in shares of Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the period. V Square Quantitative Management LLC increased its position in Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares in the last quarter. Covestor Ltd raised its stake 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 buying an additional 355 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after buying an additional 1,320 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.