Key Points
- EVP Edward Hoffman sold 15,000 shares on April 23 at an average price of $36 for a total of $540,000, executing the sale under a pre-arranged Rule 10b5-1 trading plan and reducing his stake by 10.81% to 123,708 shares.
- Radian beat quarterly EPS estimates ($1.16 vs. $1.11) on $300.51M revenue, has a market cap of about $4.8B with a P/E of 8.58, and pays a quarterly dividend of $0.255 (annualized yield ~2.9%, payout ratio ~24.6%).
Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward Hoffman sold 15,000 shares of the company's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $36.00, for a total transaction of $540,000.00. Following the transaction, the executive vice president owned 123,708 shares of the company's stock, valued at approximately $4,453,488. This represents a 10.81% decrease in their position. The sale 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 Price Performance
Shares of NYSE:RDN opened at $35.59 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a fifty day moving average price of $33.85 and a 200 day moving average price of $34.30. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 1.94 and a beta of 0.77.
Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share 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 firm had revenue of $300.51 million during the quarter, compared to analyst estimates of $300.45 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. Radian Group's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Radian Group Inc. will post 4.72 earnings per share for the current fiscal year.
Radian Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a dividend of $0.255 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.9%. Radian Group's dividend payout ratio is currently 24.58%.
Institutional Investors Weigh In On Radian Group
Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Radian Group by 178.9% in 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 last quarter. Financial Consulate Inc. bought a new stake in Radian Group during the 3rd quarter valued at about $29,000. Bessemer Group Inc. lifted its holdings in Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider's stock valued at $29,000 after buying an additional 318 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Radian Group during the 4th quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after buying an additional 572 shares in the last quarter. Institutional investors own 95.33% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on RDN. Keefe, Bruyette & Woods upped their target price on shares of Radian Group from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Roth Mkm reaffirmed a "buy" rating and set a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Weiss Ratings downgraded shares of Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, January 13th. Zacks Research downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Finally, Barclays decreased their price target 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.20.
View Our Latest Stock Report on RDN
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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