Insider Buying: Radian Group (NYSE:RDN) CEO Acquires $4,083,304.43 in Stock

Radian Group Inc. (NYSE:RDN) CEO Michael Weinbach bought 120,487 shares of the stock in a transaction on Monday, June 1st. The shares were acquired at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the acquisition, the chief executive officer directly owned 120,487 shares in the company, valued at approximately $4,083,304.43. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Radian Group Price Performance

RDN opened at $33.64 on Friday. The company has a fifty day moving average price of $35.24 and a two-hundred day moving average price of $34.68. 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 Inc. has a 52 week low of $31.50 and a 52 week high of $38.84. The firm has a market capitalization of $4.47 billion, a PE ratio of 8.29, a P/E/G ratio of 0.86 and a beta of 0.73.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $377.83 million. During the same quarter in the previous year, the business earned $0.99 EPS. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. As a group, analysts anticipate that Radian Group Inc. will post 5.11 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group’s payout ratio is currently 25.12%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Radian Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock valued at $589,393,000 after buying an additional 427,473 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Radian Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock valued at $214,481,000 after buying an additional 63,437 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Radian Group by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock valued at $196,773,000 after buying an additional 230,912 shares during the period. American Century Companies Inc. grew its holdings in shares of Radian Group by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock valued at $145,586,000 after buying an additional 171,049 shares during the period. Finally, Donald Smith & CO. Inc. lifted its position in Radian Group by 43.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock valued at $108,411,000 after acquiring an additional 916,003 shares in the last quarter. 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.