Key Points
- Radian Group EVP Meghan Bartholomew sold 7,812 shares at an average price of $35.94, generating approximately $280,763. After the Rule 10b5-1 plan transaction, she retained 39,203 shares.
- Radian reported quarterly EPS of $1.14, below the $1.34 analyst consensus, while revenue of $574.96 million exceeded expectations and rose 92.3% year over year.
- The company pays a quarterly dividend of $0.255 per share, equivalent to $1.02 annually and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $42.17.
Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Meghan Bartholomew sold 7,812 shares of Radian Group stock in a transaction on Monday, September 14th. The shares were sold at an average price of $35.94, for a total value of $280,763.28. Following the completion of the transaction, the executive vice president owned 39,203 shares in the company, valued at $1,408,955.82. The trade was a 16.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Radian Group Price Performance
RDN stock opened at $35.34 on Wednesday. The company has a market cap of $4.68 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $37.37 and a two-hundred day moving average price of $35.87. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $41.05.
Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.20). The firm had revenue of $574.96 million during the quarter, compared to analysts' expectations of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business's revenue for the quarter was up 92.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. As a group, research analysts predict that Radian Group Inc. will post 4.86 EPS for the current year.
Radian Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were given 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 of this dividend was Monday, August 24th. Radian Group's dividend payout ratio is 26.22%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in Radian Group by 109.3% during the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider's stock worth $25,000 after purchasing an additional 351 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Radian Group during the 2nd quarter valued at approximately $37,000. Root Financial Partners LLC boosted its stake in shares of Radian Group by 67.3% during the 1st quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider's stock valued at $43,000 after buying an additional 518 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Radian Group during the second quarter worth approximately $44,000. Finally, Nykredit A S acquired a new stake in shares of Radian Group during the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 95.33% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on RDN. Royal Bank Of Canada initiated coverage on shares of Radian Group in a report on Friday, May 22nd. They set an "outperform" rating and a $47.00 target price on the stock. Barclays decreased their target price on Radian Group from $39.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, August 10th. Weiss Ratings lowered Radian Group from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. Keefe, Bruyette & Woods decreased their price target on Radian Group from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of Radian Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.17.
Get Our Latest Stock Report on RDN
About Radian Group
(
Get Free Report)
Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.
Radian's mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.
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