Radian Group (NYSE:RDN) EVP Meghan Bartholomew Sells 7,812 Shares

Key Points

• Radian Group EVP Meghan Bartholomew sold 7,812 shares at an average price of $35.94, totaling $280,763.28. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her direct holdings by 16.62% to 39,203 shares.
• RDN shares traded at $35.34, with a market capitalization of approximately $4.68 billion. The company’s latest quarterly revenue rose 92.3% year over year to $574.96 million, though earnings of $1.14 per share missed estimates by $0.20.
• Radian pays a quarterly dividend of $0.255, equivalent to a 2.9% yield, while 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 the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $35.94, for a total transaction of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares of the company's stock, valued at approximately $1,408,955.82. This represents a 16.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Performance

RDN stock traded down $0.51 during mid-day trading on Tuesday, reaching $35.34. 2,367,147 shares of the stock traded hands, compared to its average volume of 1,280,274. The firm has a market capitalization of $4.68 billion, a PE ratio of 9.09, a P/E/G ratio of 0.86 and a beta of 0.70. The business has a 50-day moving average of $37.42 and a two-hundred day moving average of $35.87. Radian Group Inc. has a 52 week low of $31.50 and a 52 week high of $41.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN - Get Free Report) last posted 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). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company's revenue for the quarter was up 92.3% on a year-over-year basis. As a group, equities analysts predict that Radian Group Inc. will post 4.86 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group's dividend payout ratio (DPR) is 26.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG bought a new stake in Radian Group in the 2nd quarter valued at $13,071,000. Fifth Third Bancorp raised its stake in shares of Radian Group by 17,199.1% in the 1st quarter. Fifth Third Bancorp now owns 156,903 shares of the insurance provider's stock valued at $5,190,000 after buying an additional 155,996 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Radian Group during the 2nd quarter worth about $1,099,000. GSA Capital Partners LLP bought a new position in shares of Radian Group during the 2nd quarter worth about $2,801,000. Finally, Jefferies Financial Group Inc. boosted its position in shares of Radian Group by 331.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 94,867 shares of the insurance provider's stock valued at $3,414,000 after acquiring an additional 72,867 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada initiated coverage on Radian Group in a report on Friday, May 22nd. They set an "outperform" rating and a $47.00 price target for the company. Wall Street Zen downgraded shares of Radian Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Barclays dropped their target price on shares of Radian Group from $39.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, August 10th. Weiss Ratings cut shares of Radian Group from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Radian Group from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Radian Group presently has an average rating of "Moderate Buy" and an average target price of $42.17.

Radian Group Company Profile

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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