Radian Group (NYSE:RDN) EVP Edward Hoffman Sells 1,991 Shares

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward Hoffman sold 1,991 shares of Radian Group stock in a transaction on Friday, April 10th. The stock was sold at an average price of $35.00, for a total transaction of $69,685.00. Following the completion of the transaction, the executive vice president directly owned 151,717 shares of the company's stock, valued at $5,310,095. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a 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 Performance

• 3 Undervalued Dividend Payers For Volatile Market Conditions

Shares of NYSE:RDN opened at $34.41 on Tuesday. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The stock has a market capitalization of $4.64 billion, a P/E ratio of 8.29, a PEG ratio of 1.84 and a beta of 0.77. The firm has a fifty day simple moving average of $33.53 and a two-hundred day simple moving average of $34.31. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23.

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Radian Group (NYSE:RDN - Get Free Report) last issued 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. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business had revenue of $300.51 million during the quarter, compared to analysts' expectations of $300.45 million. During the same period last year, the company posted $1.09 EPS. The business's revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

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

Institutional Investors Weigh In On Radian Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Global Investments bought a new stake in Radian Group during the 3rd quarter valued at about $1,213,000. Campbell & CO Investment Adviser LLC lifted its holdings in Radian Group by 187.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider's stock valued at $1,715,000 after buying an additional 30,862 shares in the last quarter. Compass Rose Asset Management LP bought a new stake in Radian Group during the 3rd quarter valued at about $9,960,000. Alps Advisors Inc. lifted its holdings in Radian Group by 57.3% during the 3rd quarter. Alps Advisors Inc. now owns 571,588 shares of the insurance provider's stock valued at $20,703,000 after buying an additional 208,181 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Radian Group by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider's stock valued at $145,586,000 after buying an additional 171,049 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 12th. Weiss Ratings lowered shares of Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, January 13th. Roth Mkm restated a "buy" rating and issued a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. Barclays lowered their target price on shares of Radian Group from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, April 6th. Finally, Zacks Research upgraded shares of Radian Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Radian Group currently has an average rating of "Moderate Buy" and an average price target of $40.20.

View Our Latest Report on Radian Group

Radian Group Company Profile

(Get Free Report)

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.

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