Key Points
- Radian Group Chairman Howard Bernard Culang sold shares twice this week, including 3,612 shares for $130,032 on Wednesday and 5,000 shares for $181,000 on Tuesday. After the latest sale, he still held 8,050 shares, a 30.97% reduction in his position.
- The company reported stronger-than-expected quarterly results, with EPS of $1.27 versus the $1.17 consensus and revenue of $466.34 million, well above estimates. Revenue also rose 46.6% year over year.
- Radian Group announced a quarterly dividend of $0.255 per share, payable June 17 to shareholders of record on June 2. That works out to an annualized yield of 2.9% and a payout ratio of 25.12%.
Radian Group Inc. (NYSE:RDN - Get Free Report) Chairman Howard Bernard Culang sold 3,612 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $36.00, for a total value of $130,032.00. Following the completion of the sale, the chairman directly owned 8,050 shares in the company, valued at $289,800. This represents a 30.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Howard Bernard Culang also recently made the following trade(s):
- On Tuesday, May 26th, Howard Bernard Culang sold 5,000 shares of Radian Group stock. The stock was sold at an average price of $36.20, for a total transaction of $181,000.00.
Radian Group Stock Performance
Shares of RDN opened at $34.66 on Friday. The firm's 50 day moving average is $35.14 and its 200-day moving average is $34.74. The stock has a market capitalization of $4.61 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $38.84.
Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $466.34 million for the quarter, compared to analysts' expectations of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business's revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. Equities research analysts anticipate that Radian Group Inc. will post 5.11 EPS for the current fiscal year.
Radian Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group's payout ratio is currently 25.12%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of RDN. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock valued at $27,000 after buying an additional 476 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Radian Group during the fourth quarter valued at $29,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 buying an additional 572 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider's stock valued at $33,000 after buying an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on RDN. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, April 10th. UBS Group lowered their price objective on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 12th. Royal Bank Of Canada began coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an "outperform" rating and a $47.00 target price on the stock. Wall Street Zen raised shares of Radian Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, Barclays lifted their target price on shares of Radian Group from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Radian Group has an average rating of "Moderate Buy" and an average price target of $42.67.
Get Our Latest 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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