Radian Group Inc. (NYSE:RDN) EVP Edward J. Hoffman Sells 10,000 Shares

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward J. Hoffman sold 10,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the executive vice president now owns 191,586 shares of the company's stock, valued at $6,513,924. The trade was a 4.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Radian Group Stock Down 0.5%

Shares of RDN stock traded down $0.16 during trading on Friday, reaching $34.24. The company's stock had a trading volume of 1,039,500 shares, compared to its average volume of 1,240,245. The business has a fifty day moving average price of $33.06 and a 200-day moving average price of $32.84. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a one year low of $29.32 and a one year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The firm had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. During the same period in the prior year, the firm posted $1.03 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group's payout ratio is presently 25.95%.

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

Hedge Funds Weigh In On Radian Group

Several large investors have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of Radian Group in the first quarter valued at about $427,000. Geneos Wealth Management Inc. grew its stake 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 valued at $29,000 after acquiring an additional 572 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Radian Group by 10.3% in the first quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider's stock valued at $2,283,000 after acquiring an additional 6,429 shares in the last quarter. Jane Street Group LLC grew its stake 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 acquiring an additional 1,299,167 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Radian Group in the first quarter valued at about $326,000. 95.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. UBS Group boosted their price objective 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 cut shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.83.

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.