Radian Group Inc. (NYSE:RDN – Get Free Report) Chairman Howard Bernard Culang sold 3,612 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $36.00, for a total transaction of $130,032.00. Following the transaction, the chairman directly owned 8,050 shares of the company’s stock, valued at $289,800. This represents a 30.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Howard Bernard Culang also recently made the following trade(s):
- On Tuesday, May 26th, Howard Bernard Culang sold 5,000 shares of Radian Group stock. The shares were sold at an average price of $36.20, for a total transaction of $181,000.00.
Radian Group Price Performance
Shares of NYSE RDN opened at $34.11 on Friday. 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 50 day simple moving average of $35.17 and a two-hundred day simple moving average of $34.73. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58.
Radian Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, June 2nd. Radian Group’s payout ratio is presently 25.12%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the period. V Square Quantitative Management LLC bought a new stake in Radian Group in the 4th quarter worth approximately $29,000. Bessemer Group Inc. grew its position in Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the period. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the period. Finally, Fifth Third Bancorp grew its position in Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 360 shares during the period. 95.33% of the stock is owned by institutional investors.
Analysts Set New Price Targets
RDN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Wall Street Zen upgraded Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Royal Bank Of Canada assumed coverage on Radian Group in a report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. UBS Group lowered 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. Finally, Barclays upped their price target on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Radian Group currently has an average rating of “Moderate Buy” and an average price target of $42.67.
Get Our Latest Research Report on RDN
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.
Read More
- Five stocks we like better than Radian Group
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.com's FREE daily email newsletter.
