Insider Selling: Radian Group (NYSE:RDN) EVP Sells $69,685.00 in Stock

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 1,991 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $35.00, for a total transaction of $69,685.00. Following the sale, the executive vice president owned 151,717 shares in the company, valued at $5,310,095. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Down 0.4%

RDN stock opened at $34.53 on Thursday. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.87 and a beta of 0.77. The firm’s 50-day moving average is $33.59 and its two-hundred day moving average is $34.30. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The company had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. During the same period in the previous year, the firm earned $1.09 EPS. Radian Group’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.02 annualized dividend and a yield of 3.0%. Radian Group’s dividend payout ratio is currently 24.58%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RDN shares. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Roth Mkm reissued a “buy” rating and set a $45.00 target price on shares of Radian Group in a research note on Friday, January 2nd. Barclays cut their target price on shares of Radian Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, UBS Group cut their target price on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Radian Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock valued at $589,393,000 after buying an additional 427,473 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $214,481,000 after buying an additional 63,437 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 valued at $205,773,000 after buying an additional 274,222 shares during the period. American Century Companies Inc. increased its stake in 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 valued at $145,586,000 after buying an additional 171,049 shares during the period. Finally, Donald Smith & CO. Inc. increased its stake in 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 valued at $108,411,000 after buying an additional 916,003 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.