Insider Selling: Radian Group Inc. (NYSE:RDN) EVP Sells 30,000 Shares of Stock

Radian Group Inc. (NYSE:RDN) EVP Eric Ray sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the completion of the sale, the executive vice president now owns 13,957 shares in the company, valued at approximately $464,768.10. This represents a 68.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Radian Group Trading Up 1.0%

RDN stock opened at $33.54 on Friday. The firm has a market cap of $4.51 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The business’s 50 day moving average is $32.85 and its 200-day moving average is $32.88. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

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

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given 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 3.04%. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Radian Group

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its position 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 last quarter. Picton Mahoney Asset Management grew its position in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC grew its position 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 worth $40,000 after acquiring an additional 485 shares during the last quarter. 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 grew its position 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 acquiring an additional 1,320 shares during the last quarter. 95.33% of the stock is currently 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.