Radian Group (NYSE:RDN) Director Sells $71,601.30 in Stock

Key Points

• Radian Group director Margaret Anne Leyden sold 2,070 shares on May 29 at an average price of $34.59, totaling $71,601.30. The filing says the sale was made to cover tax withholding obligations tied to vesting equity awards.
• The company recently posted stronger-than-expected quarterly results, reporting EPS of $1.27 versus the $1.17 consensus and revenue of $466.34 million, up 46.6% year over year. Analysts now expect full-year EPS of 5.11.
• Radian also declared a quarterly dividend of $0.255 per share, payable June 17, implying a 3.0% annualized yield. Wall Street sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $42.67.

Radian Group Inc. (NYSE:RDN - Get Free Report) Director Margaret Anne Leyden sold 2,070 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the transaction, the director directly owned 6,864 shares of the company's stock, valued at approximately $237,425.76. The trade was a 23.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Radian Group Stock Performance

Shares of NYSE:RDN traded down $0.31 on Monday, reaching $33.84. The company's stock had a trading volume of 1,384,732 shares, compared to its average volume of 1,330,419. Radian Group Inc. has a 52-week low of $31.50 and a 52-week high of $38.84. The stock's 50-day moving average is $35.17 and its two-hundred day moving average is $34.73. The stock has a market capitalization of $4.50 billion, a P/E ratio of 8.33, a PEG ratio of 0.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The business had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. During the same period in the prior year, the business earned $0.99 earnings per share. The business's revenue was up 46.6% on a year-over-year basis. As a group, sell-side analysts forecast that Radian Group Inc. will post 5.11 EPS for the current year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group's dividend payout ratio is currently 25.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RDN. UBS Group reduced their price objective on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 12th. Wall Street Zen upgraded Radian Group from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Bank of America raised Radian Group from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their target price on Radian Group from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, April 10th. Finally, Zacks Research downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.67.

Hedge Funds Weigh In On Radian Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDN. Segall Bryant & Hamill LLC purchased a new stake in shares of Radian Group in the 1st quarter worth $338,000. Bank of America Corp DE raised its stake in shares of Radian Group by 26.1% during the first quarter. Bank of America Corp DE now owns 758,110 shares of the insurance provider's stock valued at $25,078,000 after acquiring an additional 156,770 shares in the last quarter. RBF Capital LLC raised its stake in Radian Group by 16.7% in the first quarter. RBF Capital LLC now owns 140,000 shares of the insurance provider's stock worth $4,631,000 after buying an additional 20,000 shares in the last quarter. South Dakota Investment Council grew its holdings in Radian Group by 28.3% in the first quarter. South Dakota Investment Council now owns 226,629 shares of the insurance provider's stock worth $7,497,000 after purchasing an additional 50,026 shares during the last quarter. Finally, Amundi increased its position in shares of Radian Group by 29.6% in the 1st quarter. Amundi now owns 32,828 shares of the insurance provider's stock valued at $1,086,000 after acquiring an additional 7,503 shares during the period. 95.33% of the stock is owned by institutional investors.

About Radian Group

Radian Group Inc NYSE: RDN is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian's core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.

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