Radian Group Inc. (NYSE:RDN) Director Sells $171,834.30 in Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Noel Joseph Spiegel sold 5,105 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.66, for a total transaction of $171,834.30. Following the completion of the transaction, the director now directly owns 20,008 shares of the company's stock, valued at $673,469.28. This represents a 20.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Radian Group Trading Down 0.4%

NYSE:RDN traded down $0.13 during midday trading on Monday, hitting $33.40. The stock had a trading volume of 1,157,694 shares, compared to its average volume of 1,234,051. Radian Group Inc. has a one year low of $29.32 and a one year high of $37.86. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.73 and a beta of 0.71. The stock has a 50-day moving average of $32.85 and a 200 day moving average of $32.87. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN - Get Free Report) last issued its 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. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The business had revenue of $318.11 million during the quarter, compared to analysts' expectations of $326.99 million. During the same period in the prior year, the business earned $1.03 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group declared that its board has approved a share repurchase plan on Wednesday, May 21st that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to buy up to 16.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Radian Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on RDN. UBS Group lifted their target price on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $38.00 price objective (up previously 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.83.

Institutional Investors Weigh In On Radian Group

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in shares of Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after purchasing an additional 13,202 shares during the period. First Eagle Investment Management LLC raised its stake in 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 worth $16,205,000 after buying an additional 25,500 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Radian Group during the fourth quarter worth $4,872,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings 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 worth $2,183,000 after buying an additional 18,829 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Radian Group during the 4th quarter valued at $478,000. 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.

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