Insider Selling: Radian Group Inc. (NYSE:RDN) Director Sells 5,105 Shares of Stock

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

Radian Group Stock Up 1.2%

Shares of NYSE RDN traded up $0.40 during trading 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 firm has a fifty day moving average of $32.91 and a two-hundred day moving average of $32.88. The company has a market capitalization of $4.62 billion, a PE ratio of 8.75, a PEG ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly 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. The business 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%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

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

Radian Group Dividend Announcement

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

Institutional Trading of Radian Group

Several institutional investors and hedge funds have recently bought and sold shares of RDN. Geneos Wealth Management Inc. increased its holdings in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock worth $29,000 after purchasing an additional 572 shares during the period. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after acquiring an additional 485 shares during the last quarter. Covestor Ltd raised its holdings in shares of Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 1,320 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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