Radian Group (NYSE:RDN) EVP Sells $69,685.00 in Stock

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 1,991 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $35.00, for a total value of $69,685.00. Following the completion of the transaction, the executive vice president directly owned 151,717 shares in the company, valued at approximately $5,310,095. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Up 0.7%

Shares of Radian Group stock traded up $0.24 during trading on Monday, hitting $34.41. 844,439 shares of the stock traded hands, compared to its average volume of 1,400,456. The stock has a market cap of $4.64 billion, a P/E ratio of 8.29, a PEG ratio of 1.84 and a beta of 0.77. The company has a fifty day moving average price of $33.50 and a two-hundred day moving average price of $34.33. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $38.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. Equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is currently 24.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RDN. Norges Bank bought a new stake in Radian Group during the fourth quarter valued at about $77,364,000. Balyasny Asset Management L.P. grew its position in shares of Radian Group by 151.7% in the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after purchasing an additional 1,128,852 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Radian Group by 43.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares during the period. Vanguard Group Inc. increased its stake in shares of Radian Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after purchasing an additional 427,473 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Radian Group by 59.7% during the 3rd quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock worth $36,480,000 after purchasing an additional 376,533 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Roth Mkm reissued a “buy” rating and set a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Keefe, Bruyette & Woods raised their price objective on Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Barclays reduced their target price on Radian Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.20.

Radian Group Company Profile

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.