Radian Group (NYSE:RDN) CEO Michael Weinbach Purchases 120,487 Shares of Stock

Radian Group Inc. (NYSE:RDN) CEO Michael Weinbach purchased 120,487 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the completion of the acquisition, the chief executive officer owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Radian Group Stock Performance

NYSE:RDN opened at $33.86 on Wednesday. The firm’s fifty day moving average price is $35.19 and its 200 day moving average price is $34.72. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $38.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. During the same period last year, the firm posted $0.99 EPS. Radian Group’s quarterly revenue was up 46.6% on a year-over-year basis. On average, sell-side analysts expect that Radian Group Inc. will post 5.11 EPS for the current year.

Radian Group Dividend Announcement

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 given 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 dividend payout ratio (DPR) is 25.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RDN shares. Royal Bank Of Canada started coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective on the stock. Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group lowered their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

Institutional Investors Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RDN. Jones Financial Companies Lllp lifted its holdings in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 357 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of 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 buying an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after buying an additional 901 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Radian Group during the 2nd quarter worth $239,000. Finally, Marshall Wace LLP acquired a new position in shares of Radian Group during the 2nd quarter worth $452,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.