Radian Group (NYSE:RDN) EVP Meghan Bartholomew Sells 7,812 Shares of Stock

Radian Group Inc. (NYSE:RDNGet Free Report) EVP Meghan Bartholomew sold 7,812 shares of Radian Group stock in a transaction on Monday, September 14th. The shares were sold at an average price of $35.94, for a total transaction of $280,763.28. Following the completion of the transaction, the executive vice president directly owned 39,203 shares in the company, valued at $1,408,955.82. The trade was a 16.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Down 1.4%

Shares of NYSE:RDN opened at $35.34 on Wednesday. The stock has a market cap of $4.68 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.87 and a beta of 0.70. The firm has a fifty day moving average price of $37.37 and a 200 day moving average price of $35.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $41.05.

Radian Group (NYSE:RDNGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. During the same period in the previous year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 92.3% on a year-over-year basis. Sell-side analysts predict that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group’s payout ratio is presently 26.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays cut their price target on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada began coverage on shares of Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective for the company. Weiss Ratings downgraded Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reduced their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Radian Group presently has a consensus rating of “Moderate Buy” and an average price target of $42.17.

Check Out Our Latest Stock Report on RDN

Hedge Funds Weigh In On Radian Group

Institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in Radian Group by 11.0% during the second quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock worth $284,000 after buying an additional 747 shares during the period. Tidal Investments LLC grew its holdings in Radian Group by 374.1% in the second quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock valued at $1,262,000 after purchasing an additional 26,432 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Radian Group during the second quarter worth approximately $44,000. NewEdge Advisors LLC increased its position in Radian Group by 4.4% during the second quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock worth $694,000 after purchasing an additional 776 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Radian Group by 109.3% during the second quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

(Get Free Report)

Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.

Radian’s mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.

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Insider Buying and Selling by Quarter for Radian Group (NYSE:RDN)

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