Radian Group Inc. (NYSE:RDN) EVP Sells $720,000.00 in Stock

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward J. Hoffman sold 20,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.00, for a total value of $720,000.00. Following the sale, the executive vice president now owns 161,586 shares in the company, valued at approximately $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 at this hyperlink.

Radian Group Stock Up 0.7%

Shares of RDN traded up $0.26 during midday trading on Tuesday, hitting $36.53. The company had a trading volume of 1,729,209 shares, compared to its average volume of 1,264,748. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 9.29 and a beta of 0.71. The company's 50 day moving average price is $33.40 and its 200 day moving average price is $32.81. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The firm had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. During the same period in the previous year, the company earned $1.03 earnings per share. Radian Group's quarterly revenue was down .4% on a year-over-year basis. On average, equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

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

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, June 2nd. Radian Group's dividend payout ratio is presently 25.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RDN shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $38.00 price target (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, UBS Group increased their price target on Radian Group from $34.00 to $36.00 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat.com, Radian Group presently has an average rating of "Hold" and a consensus target price of $36.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Strs Ohio bought a new position in Radian Group during the 1st quarter worth $427,000. Geneos Wealth Management Inc. boosted its holdings in shares of Radian Group by 191.3% during 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 during the period. Intech Investment Management LLC grew its position in shares of Radian Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider's stock worth $2,283,000 after acquiring an additional 6,429 shares during the last quarter. Jane Street Group LLC grew its position in shares of Radian Group by 11,446.4% during the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock worth $43,339,000 after acquiring an additional 1,299,167 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Radian Group in the 1st quarter worth about $326,000. 95.33% of the stock is currently owned by institutional investors.

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.

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