Radian Group Inc. (NYSE:RDN – Get Free Report) EVP Edward Hoffman sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.00, for a total value of $570,000.00. Following the completion of the transaction, the executive vice president directly owned 93,708 shares in the company, valued at approximately $3,560,904. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Radian Group Stock Down 1.4%
RDN opened at $36.68 on Thursday. The stock has a fifty day moving average of $34.47 and a 200-day moving average of $34.53. The company has a market capitalization of $4.88 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.92 and a beta of 0.76. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same quarter in the previous year, the company earned $0.99 EPS. The business’s revenue was up 46.6% on a year-over-year basis. On average, equities analysts expect that Radian Group Inc. will post 5.23 EPS for the current year.
Hedge Funds Weigh In On Radian Group
Wall Street Analyst Weigh In
RDN has been the topic of a number of research reports. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Barclays increased their target price on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group dropped their price target on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and upped their price objective for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods raised their target price on Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.
Check Out Our Latest Report on Radian Group
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.
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