Howard Bernard Culang Sells 5,000 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Chairman Howard Bernard Culang sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.20, for a total transaction of $181,000.00. Following the completion of the transaction, the chairman directly owned 11,662 shares of the company’s stock, valued at approximately $422,164.40. The trade was a 30.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Radian Group Stock Down 1.5%

Shares of Radian Group stock traded down $0.55 during trading hours on Tuesday, hitting $35.78. 1,048,414 shares of the company’s stock traded hands, compared to its average volume of 1,325,040. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $38.84. The company has a market cap of $4.76 billion, a PE ratio of 8.81, a PEG ratio of 0.90 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $35.00 and a 200-day simple moving average of $34.72.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The company’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Equities research analysts anticipate that Radian Group Inc. will post 5.23 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.255 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $1.02 annualized dividend and a yield of 2.9%. Radian Group’s payout ratio is currently 25.12%.

Analyst Ratings Changes

Several equities analysts have recently commented on RDN shares. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and increased their target price for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Radian Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. UBS Group decreased their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Radian Group presently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

Institutional Investors Weigh In On Radian Group

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Radian Group by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock valued at $589,393,000 after acquiring an additional 427,473 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Radian Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock worth $214,481,000 after purchasing an additional 63,437 shares during the period. Dimensional Fund Advisors LP increased its stake in Radian Group by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock valued at $196,773,000 after purchasing an additional 230,912 shares during the last quarter. American Century Companies Inc. increased its stake in Radian Group by 4.4% during the third quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock valued at $145,586,000 after purchasing an additional 171,049 shares during the last quarter. Finally, Donald Smith & CO. Inc. raised its holdings in shares of Radian Group by 43.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares during the period. 95.33% of the stock is currently owned by institutional investors.

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.