Insider Selling: Radian Group Inc. (NYSE:RDN) Director Sells 2,500 Shares of Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Lisa Mumford sold 2,500 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.45, for a total transaction of $83,625.00. Following the sale, the director now owns 22,329 shares of the company's stock, valued at $746,905.05. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Radian Group Stock Performance

Shares of RDN traded down $0.13 during trading hours on Monday, hitting $33.40. The company's stock had a trading volume of 1,157,694 shares, compared to its average volume of 1,234,051. The business has a 50 day simple moving average of $32.85 and a two-hundred day simple moving average of $32.87. 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 company has a market cap of $4.49 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.73 and a beta of 0.71.

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

Radian Group Announces Dividend

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 given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Radian Group announced that its Board of Directors has initiated a share 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 buy up to 16.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Institutional Trading of Radian Group

A number of institutional investors have recently added to or reduced their stakes in RDN. Principal Financial Group Inc. increased its position in shares of Radian Group by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock valued at $22,915,000 after buying an additional 13,202 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Radian Group by 5.3% in the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock valued at $16,205,000 after acquiring an additional 25,500 shares during the period. Raymond James Financial Inc. purchased a new position in Radian Group during the fourth quarter valued at approximately $4,872,000. Caisse DE Depot ET Placement DU Quebec grew its stake in Radian Group by 37.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,829 shares of the insurance provider's stock valued at $2,183,000 after acquiring an additional 18,829 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Radian Group during the 4th quarter worth approximately $478,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

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