Radian Group (NYSE:RDN) EVP Sells $540,000.00 in Stock

Key Points

• Edward Hoffman, Radian's EVP, sold 15,000 shares at an average price of $36 on April 23 under a Rule 10b5-1 plan, totaling $540,000 and reducing his stake by 10.81% to 123,708 shares (filed on Form 4).
• Radian topped estimates in the most recent quarter with $1.16 EPS (vs. $1.11 expected) and $300.51 million in revenue, posting a 46.99% net margin and a 13.07% ROE; analysts forecast ~4.72 EPS for the year.
• The stock traded down to $35.59 (down ~1.1%) with a market cap of ~$4.8 billion, a P/E of 8.58, a quarterly dividend of $0.255 (2.9% yield), and an average analyst rating of "Hold" with a $40.20 target.

Radian Group Inc. (NYSE:RDN - Get Free Report) EVP Edward Hoffman sold 15,000 shares of the firm's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $36.00, for a total transaction of $540,000.00. Following the completion of the transaction, the executive vice president directly owned 123,708 shares in the company, valued at $4,453,488. This represents a 10.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Trading Down 1.1%

RDN stock traded down $0.38 during trading on Friday, hitting $35.59. The company had a trading volume of 768,846 shares, compared to its average volume of 1,339,927. The firm has a market capitalization of $4.80 billion, a P/E ratio of 8.58, a PEG ratio of 1.92 and a beta of 0.77. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a 50 day simple moving average of $33.80 and a 200-day simple moving average of $34.30. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. The company had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. As a group, research analysts forecast that Radian Group Inc. will post 4.72 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. Radian Group's dividend payout ratio (DPR) is currently 24.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Radian Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider's stock worth $589,393,000 after buying an additional 427,473 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Radian Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider's stock worth $214,481,000 after buying an additional 63,437 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Radian Group by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,717,423 shares of the insurance provider's stock worth $205,773,000 after buying an additional 274,222 shares during the last quarter. American Century Companies Inc. grew its position in shares of Radian Group by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider's stock worth $145,586,000 after buying an additional 171,049 shares during the last quarter. Finally, Donald Smith & CO. Inc. grew its position in shares of Radian Group by 43.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider's stock worth $108,411,000 after buying an additional 916,003 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

RDN has been the topic of several recent analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Keefe, Bruyette & Woods raised their price target on shares of Radian Group from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, April 10th. Zacks Research downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Barclays reduced their price target on shares of Radian Group from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, April 6th. Finally, UBS Group reduced their price target on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $40.20.

Radian Group Company Profile

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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