Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward Hoffman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $37.00, for a total transaction of $555,000.00. Following the completion of the sale, the executive vice president directly owned 108,708 shares of the company's stock, valued at approximately $4,022,196. This trade represents a 12.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Radian Group Stock Performance
Radian Group stock opened at $35.80 on Friday. The firm has a 50 day simple moving average of $34.13 and a 200-day simple moving average of $34.36. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.98 and a beta of 0.77.
Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results 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. 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 quarter in the prior year, the company posted $1.09 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Radian Group Inc. will post 4.79 EPS for the current year.
Radian Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.02 annualized dividend and a dividend yield of 2.8%. Radian Group's dividend payout ratio is 24.58%.
Analyst Ratings Changes
Several analysts have recently weighed in on RDN shares. Roth Mkm reissued a "buy" rating and issued a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Keefe, Bruyette & Woods increased their price objective 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. Weiss Ratings cut shares of Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, January 13th. Bank of America raised shares of Radian Group from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday. Finally, UBS Group lowered their price objective on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.67.
Check Out Our Latest Stock Analysis on RDN
Hedge Funds Weigh In On Radian Group
A number of hedge funds have recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 476 shares in the last quarter. Financial Consulate Inc. acquired a new stake in Radian Group during the 3rd quarter worth approximately $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 worth $29,000 after buying an additional 318 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Radian Group during the 4th quarter worth approximately $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 worth $29,000 after buying an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.
About Radian Group
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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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