Radian Group (NYSE:RDN) CEO Michael Weinbach Purchases 49,513 Shares of Stock

Radian Group Inc. (NYSE:RDN) CEO Michael Weinbach bought 49,513 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $34.04 per share, for a total transaction of $1,685,422.52. Following the completion of the transaction, the chief executive officer directly owned 170,000 shares of the company’s stock, valued at $5,786,800. This represents a 41.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Radian Group Price Performance

NYSE:RDN opened at $33.86 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $35.19 and its two-hundred day simple moving average is $34.72. The stock has a market cap of $4.50 billion, a PE ratio of 8.34, a P/E/G ratio of 0.86 and a beta of 0.73. Radian Group Inc. has a 52 week low of $31.50 and a 52 week high of $38.84.

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

Radian Group Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RDN. Northwestern Mutual Wealth Management Co. boosted its position in shares of Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after buying an additional 476 shares during the period. Bessemer Group Inc. boosted its position in shares of Radian Group by 66.7% during the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Radian Group during the fourth quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its position in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group reduced their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Royal Bank Of Canada started coverage on Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.67.

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.