Radian Group Inc. (NYSE:RDN) Director Howard Bernard Culang Sells 8,773 Shares

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Howard Bernard Culang sold 8,773 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Radian Group Trading Down 0.4%

Shares of Radian Group stock 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 1,233,691. The company has a market capitalization of $4.49 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 12 month low of $29.32 and a 12 month 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 50 day moving average of $32.85 and a 200 day moving average of $32.87.

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, beating the consensus estimate of $0.95 by $0.04. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The company had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

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

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 annualized dividend and a yield of 3.05%. Radian Group's dividend payout ratio is presently 25.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RDN. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $38.00 price target (up from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. UBS Group upped their price target on shares of Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $36.83.

Hedge Funds Weigh In On Radian Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Radian Group in the fourth quarter worth approximately $73,693,000. First Trust Advisors LP boosted its position in shares of Radian Group by 20.6% during 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 last quarter. Jane Street Group LLC raised its holdings in shares of Radian Group by 11,446.4% in the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock valued at $43,339,000 after purchasing an additional 1,299,167 shares during the last quarter. Nuveen LLC purchased a new position in shares of Radian Group in the 1st quarter worth approximately $40,749,000. Finally, Millennium Management LLC bought a new position in Radian Group in the 1st quarter valued at $27,282,000. Institutional investors and hedge funds 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.

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