Insider Selling: Radian Group Inc. (NYSE:RDN) Chairman Sells 5,982 Shares of Stock

Radian Group Inc. (NYSE:RDNGet Rating) Chairman Howard Bernard Culang sold 5,982 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $21.60, for a total transaction of $129,211.20. Following the completion of the transaction, the chairman now owns 8,050 shares in the company, valued at $173,880. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of RDN opened at $22.26 on Wednesday. Radian Group Inc. has a fifty-two week low of $19.17 and a fifty-two week high of $24.84. The firm’s 50 day moving average price is $22.15 and its 200 day moving average price is $22.19. The company has a market cap of $3.85 billion, a P/E ratio of 6.27, a PEG ratio of 1.18 and a beta of 1.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.38.

Radian Group (NYSE:RDNGet Rating) last announced its earnings results on Tuesday, May 3rd. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.26. Radian Group had a net margin of 50.71% and a return on equity of 17.18%. The firm had revenue of $292.98 million for the quarter, compared to the consensus estimate of $318.22 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. Research analysts forecast that Radian Group Inc. will post 3.6 earnings per share for the current year.

Radian Group declared that its board has approved a stock repurchase program on Wednesday, February 9th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 9.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Monday, May 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, May 20th. Radian Group’s dividend payout ratio (DPR) is presently 22.54%.

A number of hedge funds and other institutional investors have recently bought and sold shares of RDN. Donald Smith & CO. Inc. acquired a new position in Radian Group during the 1st quarter worth approximately $67,843,000. Norges Bank acquired a new position in shares of Radian Group in the 4th quarter valued at $62,448,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Radian Group in the 4th quarter valued at $60,515,000. JPMorgan Chase & Co. boosted its holdings in shares of Radian Group by 154.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,992,624 shares of the insurance provider’s stock valued at $84,365,000 after buying an additional 2,421,410 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Radian Group in the 1st quarter valued at $47,540,000. Institutional investors own 95.48% of the company’s stock.

Several equities analysts have weighed in on RDN shares. BTIG Research decreased their target price on shares of Radian Group from $28.00 to $26.00 in a report on Tuesday, April 12th. StockNews.com downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $27.58.

Radian Group Company Profile (Get Rating)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions.

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Insider Buying and Selling by Quarter for Radian Group (NYSE:RDN)

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