Edward J. Hoffman Sells 10,000 Shares of Radian Group (NYSE:RDN) 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 dated Thursday, September 18th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the sale, the executive vice president directly owned 153,708 shares of the company's stock, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Radian Group Stock Performance

NYSE RDN traded down $0.75 on Monday, hitting $36.49. 1,622,530 shares of the company's stock traded hands, compared to its average volume of 1,025,748. The firm's 50-day moving average price is $34.52 and its two-hundred day moving average price is $33.77. The firm has a market capitalization of $4.94 billion, a PE ratio of 9.19 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. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84.

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

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 25th. Radian Group's dividend payout ratio (DPR) is 25.69%.

Wall Street Analyst Weigh In

Several research firms have commented on RDN. UBS Group restated a "neutral" rating and issued a $38.00 price objective (up previously from $36.00) on shares of Radian Group in a research report on Monday, July 14th. Keefe, Bruyette & Woods lowered shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price target on the stock. in a research report on Monday, July 7th. Finally, Barclays upped their price objective on shares of Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus price target of $37.00.

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position 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 worth $29,000 after purchasing an additional 572 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Radian Group during the 2nd quarter worth $50,000. EverSource Wealth Advisors LLC grew its holdings in shares of Radian Group by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider's stock worth $67,000 after buying an additional 901 shares in the last quarter. Allworth Financial LP raised its position in shares of Radian Group by 1,049.7% in the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider's stock valued at $68,000 after buying an additional 1,732 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Radian Group by 42.6% in the first quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock valued at $64,000 after buying an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

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.