Radian Group Inc. (NYSE:RDN) Director Sells $292,755.01 in Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Howard Bernard Culang sold 8,773 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.37, for a total value of $292,755.01. Following the sale, the director now owns 8,050 shares of the company's stock, valued at approximately $268,628.50. This represents a 52.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Radian Group Trading Up 1.2%

Shares of Radian Group stock traded up $0.40 on Thursday, hitting $34.39. The stock had a trading volume of 939,222 shares, compared to its average volume of 1,233,727. 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 twelve month low of $29.32 and a twelve month high of $37.86. The stock has a 50 day moving average of $32.91 and a 200 day moving average of $32.88. The firm 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 data 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 company had revenue of $318.11 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Sell-side analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group announced that its board has authorized a stock buyback program on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 16.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

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 paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.97%. Radian Group's payout ratio is 25.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RDN. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $38.00 price objective (up from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. 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 research report on Monday, May 5th. Finally, Compass Point downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $36.83.

Hedge Funds Weigh In On Radian Group

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

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.