Key Points
- Radian EVP Eric Ray sold 13,957 shares on Dec. 2 at an average price of $35.60, a transaction totaling about $496,869, disclosed in an SEC filing.
- Q3 results beat EPS estimates — Radian reported $1.15 per share vs. $0.95 expected, with revenue of $303.19M (slightly below estimates) and a strong net margin of 45.9% and ROE of 13.29%.
- Dividend announced — a quarterly dividend of $0.255 (annualized $1.02) yielding ~2.9%, with record/ex-dividend dates in late November and payment on Dec. 9; payout ratio about 25.4%.
Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Eric Ray sold 13,957 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Radian Group Trading Down 0.3%
Shares of Radian Group stock opened at $35.40 on Thursday. The firm's 50 day moving average is $34.66 and its 200 day moving average is $34.62. The firm has a market capitalization of $4.80 billion, a PE ratio of 8.83 and a beta of 0.83. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24.
Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.20. The firm had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The company's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. Equities research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.
Radian Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 24th. Radian Group's dividend payout ratio is presently 25.44%.
Institutional Investors Weigh In On Radian Group
A number of institutional investors have recently modified their holdings of RDN. Federated Hermes Inc. lifted its holdings in Radian Group by 11.8% in the first quarter. Federated Hermes Inc. now owns 110,772 shares of the insurance provider's stock valued at $3,663,000 after buying an additional 11,648 shares during the period. Natixis Advisors LLC grew its holdings in Radian Group by 3.7% during the 1st quarter. Natixis Advisors LLC now owns 290,314 shares of the insurance provider's stock worth $9,601,000 after acquiring an additional 10,368 shares during the period. Jane Street Group LLC raised its position in shares of Radian Group by 11,446.4% in the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock worth $43,339,000 after acquiring an additional 1,299,167 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Radian Group in the 1st quarter valued at about $844,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Radian Group during the 1st quarter valued at about $2,964,000. 95.33% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Barclays lifted their price target on Radian Group from $35.00 to $37.00 and gave the company a "cautious" rating in a research note on Monday, October 6th. UBS Group cut their target price on shares of Radian Group from $43.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reissued a "buy (a-)" rating on shares of Radian Group in a report on Monday. Finally, Zacks Research raised shares of Radian Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Radian Group presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.
Get Our Latest Research Report on RDN
Radian Group Company Profile
(
Get Free Report)
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.
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