Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward Hoffman sold 13,009 shares of the business's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $35.00, for a total value of $455,315.00. Following the completion of the sale, the executive vice president directly owned 138,708 shares of the company's stock, valued at approximately $4,854,780. This trade represents a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Radian Group Trading Down 0.3%
Shares of RDN stock opened at $35.27 on Tuesday. The business has a 50-day moving average of $33.69 and a 200 day moving average of $34.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84. The stock has a market capitalization of $4.75 billion, a PE ratio of 8.50, a P/E/G ratio of 1.91 and a beta of 0.77.
Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $300.51 million during the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The business's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, sell-side analysts anticipate that Radian Group Inc. will post 4.72 earnings per share for the current year.
Radian Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd 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, February 23rd. Radian Group's dividend payout ratio is currently 24.58%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on RDN shares. Zacks Research raised Radian Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. UBS Group decreased their price target on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 12th. Keefe, Bruyette & Woods lifted their price objective on Radian Group from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday, April 10th. Barclays dropped their target price on shares of Radian Group from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, April 6th. Finally, Weiss Ratings cut Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.20.
View Our Latest Research Report on RDN
Institutional Trading of Radian Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock worth $27,000 after acquiring an additional 476 shares during the period. V Square Quantitative Management LLC purchased a new stake in Radian Group in the 4th quarter worth $29,000. Bessemer Group Inc. boosted 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 valued at $29,000 after buying an additional 318 shares during the last quarter. Financial Consulate Inc. bought a new position in shares of Radian Group during the 3rd quarter valued at approximately $29,000. Finally, Geneos Wealth Management Inc. lifted its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.
About Radian Group
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
