Key Points
- Radian Group director Noel Joseph Spiegel sold 4,834 shares on May 26 at an average price of $36.19, totaling about $174,942. After the sale, he still owned 20,008 shares, representing a 19.46% reduction in his holdings.
- The company recently reported strong first-quarter earnings, with EPS of $1.27 beating estimates of $1.17 and revenue of $466.34 million, up 46.6% year over year. Radian also posted a net margin of 40.50% and return on equity of 13.57%.
- Radian declared a quarterly dividend of $0.255 per share, or $1.02 annually, for a yield of 2.9%. Analyst sentiment remains generally positive, with a consensus rating of Moderate Buy and a target price of $42.67.
Radian Group Inc. (NYSE:RDN - Get Free Report) Director Noel Joseph Spiegel sold 4,834 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.19, for a total transaction of $174,942.46. Following the transaction, the director directly owned 20,008 shares of the company's stock, valued at $724,089.52. This represents a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Radian Group Stock Down 1.5%
Radian Group stock opened at $35.78 on Wednesday. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $38.84. The firm has a 50 day moving average price of $35.06 and a 200-day moving average price of $34.73. The company has a market capitalization of $4.76 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.90 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.
Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. During the same period in the prior year, the firm earned $0.99 EPS. The company's revenue was up 46.6% compared to the same quarter last year. As a group, equities analysts predict that Radian Group Inc. will post 5.23 EPS for the current year.
Radian Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group's dividend payout ratio is currently 25.12%.
Institutional Trading of Radian Group
A number of institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC purchased a new stake in shares of Radian Group during the 1st quarter valued at approximately $338,000. Bank of America Corp DE lifted its stake in shares of Radian Group by 26.1% during the 1st quarter. Bank of America Corp DE now owns 758,110 shares of the insurance provider's stock valued at $25,078,000 after buying an additional 156,770 shares in the last quarter. RBF Capital LLC lifted its stake in shares of Radian Group by 16.7% during the 1st quarter. RBF Capital LLC now owns 140,000 shares of the insurance provider's stock valued at $4,631,000 after buying an additional 20,000 shares in the last quarter. South Dakota Investment Council lifted its stake in Radian Group by 28.3% in the 1st quarter. South Dakota Investment Council now owns 226,629 shares of the insurance provider's stock worth $7,497,000 after purchasing an additional 50,026 shares in the last quarter. Finally, Amundi lifted its stake in Radian Group by 29.6% in the 1st quarter. Amundi now owns 32,828 shares of the insurance provider's stock worth $1,086,000 after purchasing an additional 7,503 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on RDN. Wall Street Zen upgraded shares of Radian Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Barclays upped their price target on shares of Radian Group from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, May 11th. Royal Bank Of Canada began coverage on shares of Radian Group in a research note on Friday. They set an "outperform" rating and a $47.00 price target on the stock. Bank of America upgraded shares of Radian Group from an "underperform" rating to a "buy" rating and upped their price target for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Finally, Zacks Research cut shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Radian Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.
Read 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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