Edward Hoffman Sells 1,991 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 1,991 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $35.00, for a total value of $69,685.00. Following the transaction, the executive vice president owned 151,717 shares of the company’s stock, valued at $5,310,095. The trade was a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Up 0.7%

RDN stock opened at $34.65 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.86 and a beta of 0.77. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The stock has a fifty day moving average of $33.57 and a 200-day moving average of $34.30.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. The company had revenue of $300.51 million during the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio is 24.58%.

Institutional Trading of Radian Group

Several institutional investors and hedge funds have recently modified their holdings of RDN. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares in the last quarter. Financial Consulate Inc. purchased a new stake in shares of Radian Group in the 3rd quarter valued at about $29,000. Bessemer Group Inc. raised its holdings in shares of Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Radian Group in the 4th quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RDN shares. Keefe, Bruyette & Woods increased their price objective on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Barclays dropped their price objective on Radian Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Roth Mkm reissued a “buy” rating and set a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

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.