Insider Selling: Radian Group (NYSE:RDN) Director Sells 2,070 Shares of Stock

Radian Group Inc. (NYSE:RDN) Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the transaction, the director owned 6,864 shares in the company, valued at $237,425.76. This represents a 23.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Radian Group Price Performance

RDN traded down $0.31 on Monday, hitting $33.84. 1,384,732 shares of the company were exchanged, compared to its average volume of 1,330,419. The business’s fifty day moving average is $35.17 and its 200 day moving average is $34.73. The firm has a market capitalization of $4.50 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.87 and a beta of 0.73. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $38.84. 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 (NYSE:RDN) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The company had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same period in the previous year, the company earned $0.99 EPS. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Radian Group Inc. will post 5.11 EPS for the current year.

Radian Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

RDN has been the topic of several recent research reports. Royal Bank Of Canada started coverage on shares of Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 target price on the stock. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Wall Street Zen raised Radian Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group cut their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Finally, Barclays upped their price target on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Radian Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

Institutional Trading of Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in RDN. Mercer Global Advisors Inc. ADV lifted its position in Radian Group by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after purchasing an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Radian Group by 16.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 310 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after buying an additional 318 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Radian Group by 26.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 344 shares in the last quarter. Hedge funds and other institutional investors 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.