Insider Selling: Radian Group Inc. (NYSE:RDN) EVP Sells 20,000 Shares of Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward J. Hoffman sold 20,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $36.00, for a total value of $720,000.00. Following the completion of the transaction, the executive vice president now directly owns 161,586 shares of the company's stock, valued at $5,817,096. The trade was a 11.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Radian Group Trading Up 0.4%

Shares of RDN stock opened at $36.01 on Friday. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The firm has a market cap of $4.84 billion, a PE ratio of 9.16 and a beta of 0.71. The company has a 50-day moving average of $33.74 and a two-hundred day moving average of $32.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The company 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 business earned $1.03 EPS. The firm's quarterly revenue was down .4% on a year-over-year basis. On average, analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.83%. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

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

Hedge Funds Weigh In On Radian Group

A number of institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new position in Radian Group during the first quarter worth about $427,000. Geneos Wealth Management Inc. grew its holdings in 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 purchasing an additional 572 shares during the last quarter. Intech Investment Management LLC grew its holdings in 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 purchasing an additional 6,429 shares during the last quarter. Jane Street Group LLC increased its position 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 buying an additional 1,299,167 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Radian Group during the 1st quarter worth $326,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in 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 report on Friday, May 2nd. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, UBS Group raised their target price on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Radian Group presently has an average rating of "Hold" and an average 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.