Radian Group Inc. (RDN) SVP Catherine Mary Jackson Sells 17,130 Shares
Radian Group Inc. (NYSE:RDN) SVP Catherine Mary Jackson sold 17,130 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $17.22, for a total value of $294,978.60. Following the completion of the sale, the senior vice president now directly owns 80,720 shares of the company’s stock, valued at $1,389,998.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Radian Group Inc. (NYSE:RDN) traded down 2.13% during midday trading on Thursday, hitting $16.90. The company had a trading volume of 714,843 shares. The company has a market capitalization of $3.64 billion, a PE ratio of 19.40 and a beta of 1.61. The company has a 50-day moving average of $17.26 and a 200-day moving average of $17.66. Radian Group Inc. has a 12 month low of $12.83 and a 12 month high of $19.87.
Radian Group (NYSE:RDN) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Radian Group had a return on equity of 12.81% and a net margin of 16.26%. The company had revenue of $302.91 million for the quarter, compared to analysts’ expectations of $299.07 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts predict that Radian Group Inc. will post $1.72 earnings per share for the current year.
Radian Group declared that its board has approved a share repurchase program on Wednesday, August 9th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 21st will be paid a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date of this dividend is Thursday, August 17th. Radian Group’s dividend payout ratio (DPR) is 1.18%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Management Associates NY purchased a new position in Radian Group during the first quarter worth approximately $485,000. US Bancorp DE boosted its position in Radian Group by 2.2% in the first quarter. US Bancorp DE now owns 116,345 shares of the insurance provider’s stock worth $2,089,000 after buying an additional 2,515 shares during the period. American Century Companies Inc. boosted its position in Radian Group by 343.8% in the first quarter. American Century Companies Inc. now owns 299,288 shares of the insurance provider’s stock worth $5,375,000 after buying an additional 231,851 shares during the period. Advisors Asset Management Inc. boosted its position in Radian Group by 38.8% in the first quarter. Advisors Asset Management Inc. now owns 46,141 shares of the insurance provider’s stock worth $829,000 after buying an additional 12,910 shares during the period. Finally, Capital One National Association boosted its position in Radian Group by 0.9% in the first quarter. Capital One National Association now owns 26,450 shares of the insurance provider’s stock worth $475,000 after buying an additional 243 shares during the period. Institutional investors own 92.71% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Barclays PLC reaffirmed an “overweight” rating and issued a $24.00 price objective (down from $25.00) on shares of Radian Group in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Radian Group from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Radian Group in a research note on Friday, April 28th. BidaskClub raised Radian Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG lowered their price objective on Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Radian Group currently has an average rating of “Buy” and an average price target of $20.75.
Radian Group Company Profile
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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