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

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

Radian Group Price Performance

RDN stock opened at $33.70 on Wednesday. The company has a market capitalization of $4.53 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $37.86. The business has a 50-day simple moving average of $32.85 and a two-hundred day simple moving average of $32.87.

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

Radian Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 21st that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Radian Group Announces Dividend

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

Hedge Funds Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new position in shares of Radian Group in the 1st quarter worth approximately $427,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 buying an additional 572 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Radian Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider’s stock worth $2,283,000 after buying an additional 6,429 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Radian Group by 11,446.4% in the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock worth $43,339,000 after buying an additional 1,299,167 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Radian Group in the 1st quarter worth approximately $326,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group raised 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. Compass Point downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.83.

Radian Group Company Profile

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.