Insider Selling: Radian Group Inc. (NYSE:RDN) EVP Sells 10,000 Shares of Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $33.72, for a total value of $337,200.00. Following the transaction, the executive vice president now owns 201,586 shares in the company, valued at approximately $6,797,479.92. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Radian Group Price Performance

Shares of RDN traded up $0.34 during trading hours on Friday, reaching $33.54. The stock had a trading volume of 889,483 shares, compared to its average volume of 1,229,840. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86. The stock has a market capitalization of $4.51 billion, a PE ratio of 8.53, a PEG ratio of 1.73 and a beta of 0.71. The company's 50-day moving average is $32.86 and its two-hundred day moving average is $32.89.

Radian Group (NYSE:RDN - Get Free Report) last posted its 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 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 business's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Research analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

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

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 annualized dividend and a yield of 3.04%. Radian Group's dividend payout ratio is presently 25.95%.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in Radian Group during the 1st quarter worth about $427,000. Geneos Wealth Management Inc. increased its holdings in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 572 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Radian Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider's stock worth $2,283,000 after purchasing an additional 6,429 shares during the period. Jane Street Group LLC lifted its holdings in shares of Radian Group by 11,446.4% in the 1st 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 in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Radian Group in the 1st quarter worth $326,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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