Insider Selling: Radian Group (NYSE:RDN) EVP Sells $280,763.28 in Stock

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

Radian Group Stock Down 1.3%

Shares of NYSE RDN opened at $34.80 on Friday. The company has a market capitalization of $4.60 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.86 and a beta of 0.70. Radian Group Inc. has a 52-week low of $31.50 and a 52-week high of $41.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. The company’s 50 day moving average price is $37.27 and its 200-day moving average price is $35.87.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $556.55 million. During the same quarter last year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 92.3% compared to the same quarter last year. Equities analysts forecast that Radian Group Inc. will post 4.86 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Radian Group’s dividend payout ratio (DPR) is presently 26.22%.

Institutional Trading of Radian Group

Several large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Radian Group during the 2nd quarter valued at about $728,072,000. Dimensional Fund Advisors LP raised its stake in shares of Radian Group by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock worth $196,773,000 after purchasing an additional 230,912 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in shares of Radian Group in the second quarter valued at approximately $163,104,000. Caisse de depot et placement du Quebec purchased a new position in shares of Radian Group during the second quarter valued at approximately $89,334,000. Finally, Norges Bank purchased a new position in shares of Radian Group during the fourth quarter valued at approximately $77,364,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About Radian Group

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.