Lisa Mumford Sells 2,500 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.45, for a total value of $83,625.00. Following the completion of the sale, the director now owns 22,329 shares in the company, valued at $746,905.05. This represents a 10.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.40 on Thursday, reaching $34.39. The company's stock had a trading volume of 939,222 shares, compared to its average volume of 1,233,727. The stock's 50-day moving average is $32.91 and its two-hundred day moving average is $32.88. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The stock has a market capitalization of $4.62 billion, a P/E ratio of 8.75, a PEG ratio of 1.73 and a beta of 0.71.

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

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders 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 dividend yield of 2.97%. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Radian Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 21st that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 16.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Radian Group

Institutional investors and hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares during the last quarter. Covestor Ltd grew its stake in Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider's stock valued at $91,000 after acquiring an additional 357 shares in the last quarter. AlphaQuest LLC raised its position in Radian Group by 3.1% during the first quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider's stock worth $526,000 after acquiring an additional 476 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Ratings Changes

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

Radian Group Company Profile

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.