Howard Bernard Culang Sells 3,612 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Chairman Howard Bernard Culang sold 3,612 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $36.00, for a total transaction of $130,032.00. Following the completion of the sale, the chairman directly owned 8,050 shares in the company, valued at approximately $289,800. The trade was a 30.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Howard Bernard Culang also recently made the following trade(s):

• On Tuesday, May 26th, Howard Bernard Culang sold 5,000 shares of Radian Group stock. The shares were sold at an average price of $36.20, for a total transaction of $181,000.00.

Radian Group Stock Performance

NYSE RDN opened at $34.11 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 8.40, a PEG ratio of 0.88 and a beta of 0.76. The company’s 50-day simple moving average is $35.17 and its 200 day simple moving average is $34.73. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $38.84. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

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

Radian Group Announces Dividend

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

Institutional Trading of Radian Group

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after buying an additional 476 shares during the last quarter. Bessemer Group Inc. grew its stake in Radian Group by 66.7% during 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. V Square Quantitative Management LLC bought a new stake in Radian Group during the fourth quarter worth about $29,000. Geneos Wealth Management Inc. grew its stake in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake 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 purchasing an additional 360 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and upped their target price for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Royal Bank Of Canada initiated coverage on shares of 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, UBS Group decreased their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.