Noel Joseph Spiegel Sells 5,895 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Director Noel Joseph Spiegel sold 5,895 shares of Radian Group stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total value of $187,461.00. Following the completion of the transaction, the director now owns 20,008 shares of the company’s stock, valued at approximately $636,254.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Radian Group Trading Up 1.3 %

RDN opened at $31.30 on Monday. Radian Group Inc. has a one year low of $24.34 and a one year high of $33.69. The stock has a market capitalization of $4.71 billion, a PE ratio of 8.28, a P/E/G ratio of 1.78 and a beta of 1.03. The business’s 50 day moving average price is $31.25 and its 200 day moving average price is $29.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The firm had revenue of $319.42 million for the quarter, compared to analysts’ expectations of $314.76 million. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Radian Group Inc. will post 3.52 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 4th. Radian Group’s payout ratio is 25.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RDN shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $35.00 price objective (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. UBS Group lifted their price objective on Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.88.

Institutional Trading of Radian Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Radian Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after purchasing an additional 69,383 shares during the period. LSV Asset Management raised its position in Radian Group by 0.8% in the first quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after purchasing an additional 52,397 shares during the period. Donald Smith & CO. Inc. raised its position in Radian Group by 17.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock valued at $114,552,000 after purchasing an additional 594,752 shares during the period. Charles Schwab Investment Management Inc. raised its position in Radian Group by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider’s stock valued at $99,517,000 after purchasing an additional 116,774 shares during the period. Finally, Norges Bank purchased a new stake in Radian Group in the fourth quarter valued at approximately $53,792,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

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.