Radian Group (NYSE:RDN) EVP Sells $370,000.00 in Stock

Key Points

• Radian Group EVP Edward Hoffman sold 10,000 shares at an average price of $37.00, totaling $370,000, resulting in a 6.11% decrease in his holdings.
• The company's latest quarterly earnings report showed an EPS of $1.01, surpassing the estimate of $0.93, but revenue of $318 million fell short of expectations.
• Radian Group announced a quarterly dividend of $0.255, reflecting an annualized yield of 2.7% and a payout ratio of 25.69%.

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the executive vice president directly owned 153,708 shares in the company, valued at approximately $5,687,196. The trade was a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Radian Group Trading Down 0.2%

Shares of NYSE RDN traded down $0.07 during trading hours on Friday, hitting $37.15. 4,582,825 shares of the company traded hands, compared to its average volume of 831,383. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 9.36 and a beta of 0.75. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.54. The company's 50 day moving average price is $34.47 and its 200 day moving average price is $33.72. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $318.00 million for the quarter, compared to the consensus estimate of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, August 25th. Radian Group's dividend payout ratio is 25.69%.

Institutional Trading of Radian Group

A number of institutional investors have recently bought and sold shares of RDN. Geneos Wealth Management Inc. lifted its holdings in shares of Radian Group by 191.3% in the 1st 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. Headlands Technologies LLC purchased a new stake in shares of Radian Group in the 2nd quarter valued at about $50,000. Covestor Ltd lifted its holdings in shares of Radian Group by 42.6% in the 1st quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock valued at $64,000 after purchasing an additional 576 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Radian Group by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 901 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Radian Group by 1,049.7% in the 2nd quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 1,732 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group reissued a "neutral" rating and issued a $38.00 price objective (up from $36.00) on shares of Radian Group in a report on Monday, July 14th. Keefe, Bruyette & Woods lowered Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a report on Monday, July 7th. Finally, Barclays raised their target price on Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $37.00.

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.