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

Radian Group Inc. (NYSE:RDN) EVP Meghan Bartholomew sold 7,812 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $35.94, for a total transaction of $280,763.28. Following the transaction, the executive vice president owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This represents a 16.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Price Performance

Shares of RDN stock traded down $0.51 during trading hours on Tuesday, hitting $35.34. The company had a trading volume of 2,367,147 shares, compared to its average volume of 1,280,274. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.86 and a beta of 0.70. The firm’s fifty day moving average is $37.42 and its 200 day moving average is $35.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60.

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

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Radian Group’s dividend payout ratio is currently 26.22%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in Radian Group by 109.3% in the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after buying an additional 351 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Radian Group during the second quarter worth $37,000. Integrated Wealth Concepts LLC bought a new stake in shares of Radian Group during the second quarter worth $44,000. Root Financial Partners LLC raised its position in shares of Radian Group by 67.3% during the first quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 518 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Radian Group during the second quarter valued at $55,000. Institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Radian Group Company Profile

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.