Eric Ray Sells 30,000 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Eric Ray sold 30,000 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.30, for a total value of $999,000.00. Following the transaction, the executive vice president now owns 13,957 shares in the company, valued at approximately $464,768.10. The trade was a 68.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Radian Group Trading Up 1.0%

Radian Group stock traded up $0.34 during trading on Friday, hitting $33.54. The company's stock had a trading volume of 889,483 shares, compared to its average volume of 1,229,840. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The stock's fifty day moving average is $32.86 and its 200 day moving average is $32.89.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Radian Group's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.04%. Radian Group's dividend payout ratio (DPR) is 25.95%.

Radian Group announced that its board has authorized a stock repurchase plan on Wednesday, May 21st that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Radian Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Radian Group in the 4th quarter valued at approximately $73,693,000. First Trust Advisors LP grew its position in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock worth $341,505,000 after buying an additional 1,836,020 shares during the last quarter. Jane Street Group LLC raised its position in shares of Radian Group by 11,446.4% during the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock worth $43,339,000 after purchasing an additional 1,299,167 shares during the period. Nuveen LLC acquired a new stake in Radian Group during the 1st quarter worth about $40,749,000. Finally, Millennium Management LLC purchased a new stake in shares of Radian Group in the 1st quarter valued at approximately $27,282,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. UBS Group raised their target price on shares of Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.83.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.

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