Radian Group (NYSE:RDN) EVP Sells $570,000.00 in Stock

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.00, for a total value of $570,000.00. Following the sale, the executive vice president owned 93,708 shares of the company’s stock, valued at approximately $3,560,904. The trade was a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Performance

NYSE:RDN traded down $0.36 during mid-day trading on Tuesday, hitting $37.20. 1,071,340 shares of the company’s stock traded hands, compared to its average volume of 1,349,020. The firm has a 50 day moving average of $34.38 and a two-hundred day moving average of $34.50. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $38.84. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.95 and a beta of 0.76. The company has a current ratio of 0.37, a quick ratio of 3.40 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. During the same quarter in the prior year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. On average, equities analysts forecast that Radian Group Inc. will post 5.23 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.02 annualized dividend and a yield of 2.7%. Radian Group’s dividend payout ratio is presently 25.12%.

Hedge Funds Weigh In On Radian Group

Hedge funds have recently modified their holdings of the stock. Summit Global Investments acquired a new position in shares of Radian Group in the 3rd quarter worth approximately $1,213,000. Campbell & CO Investment Adviser LLC raised its holdings in shares of Radian Group by 187.3% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider’s stock worth $1,715,000 after buying an additional 30,862 shares in the last quarter. Compass Rose Asset Management LP acquired a new position in shares of Radian Group in the 3rd quarter worth approximately $9,960,000. Alps Advisors Inc. raised its holdings in shares of Radian Group by 57.3% in the 3rd quarter. Alps Advisors Inc. now owns 571,588 shares of the insurance provider’s stock worth $20,703,000 after buying an additional 208,181 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Radian Group by 10.7% in the 3rd quarter. Capital World Investors now owns 1,454,087 shares of the insurance provider’s stock worth $52,667,000 after buying an additional 140,003 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on RDN shares. Barclays raised their price objective on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods raised their price objective on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Finally, UBS Group reduced their price objective 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. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.