Radian Group Inc. (NYSE:RDN) EVP Eric Ray Sells 32,525 Shares of Stock

Radian Group Inc. (NYSE:RDN – Get Rating) EVP Eric Ray sold 32,525 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $25.67, for a total value of $834,916.75. Following the sale, the executive vice president now directly owns 60,878 shares in the company, valued at approximately $1,562,738.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Radian Group Trading Down 1.1 %

Radian Group stock opened at $25.47 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day moving average of $23.09 and a 200-day moving average of $21.30. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 5.87, a P/E/G ratio of 1.57 and a beta of 1.15. Radian Group Inc. has a one year low of $17.83 and a one year high of $26.06.

Radian Group (NYSE:RDN – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. The firm had revenue of $310.62 million during the quarter, compared to the consensus estimate of $313.37 million. Radian Group had a return on equity of 19.90% and a net margin of 59.55%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. On average, equities analysts expect that Radian Group Inc. will post 3.28 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 30th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.90 annualized dividend and a yield of 3.53%. Radian Group’s dividend payout ratio (DPR) is currently 20.74%.

Analyst Ratings Changes

Several analysts recently commented on RDN shares. Royal Bank of Canada raised their price objective on Radian Group from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 10th. Roth Capital reaffirmed a “buy” rating on shares of Radian Group in a research note on Thursday, February 9th. Bank of America downgraded Radian Group from a “buy” rating to an “underperform” rating in a research note on Tuesday, May 9th. StockNews.com initiated coverage on Radian Group in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.64.

Hedge Funds Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RDN. Lazard Asset Management LLC raised its stake in Radian Group by 1,399.0% in the 3rd quarter. Lazard Asset Management LLC now owns 1,454 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 1,357 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Radian Group during the 4th quarter worth about $37,000. Ronald Blue Trust Inc. boosted its holdings in shares of Radian Group by 66.3% during the 1st quarter. Ronald Blue Trust Inc. now owns 2,371 shares of the insurance provider’s stock worth $46,000 after buying an additional 945 shares during the period. Ensign Peak Advisors Inc acquired a new position in Radian Group in the 3rd quarter valued at about $73,000. Finally, Captrust Financial Advisors raised its holdings in Radian Group by 49.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,476 shares during the period. Institutional investors own 94.37% of the company’s stock.

Radian Group Company Profile

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.