Radian Group (NYSE:RDN) Director Noel Joseph Spiegel Sells 4,834 Shares

Radian Group Inc. (NYSE:RDN) Director Noel Joseph Spiegel sold 4,834 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the sale, the director owned 20,008 shares in the company, valued at $724,089.52. This represents a 19.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Radian Group Trading Down 1.5%

RDN opened at $35.78 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $38.84. The firm has a market capitalization of $4.76 billion, a PE ratio of 8.81, a P/E/G ratio of 0.90 and a beta of 0.76. The company’s 50-day moving average is $35.06 and its 200 day moving average is $34.73.

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

Radian Group Dividend Announcement

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

Institutional Investors Weigh In On Radian Group

Institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC bought a new position in shares of Radian Group during the 1st quarter valued at approximately $338,000. Bank of America Corp DE grew its position in shares of Radian Group by 26.1% during the 1st quarter. Bank of America Corp DE now owns 758,110 shares of the insurance provider’s stock valued at $25,078,000 after acquiring an additional 156,770 shares during the period. RBF Capital LLC grew its position in shares of Radian Group by 16.7% during the 1st quarter. RBF Capital LLC now owns 140,000 shares of the insurance provider’s stock valued at $4,631,000 after acquiring an additional 20,000 shares during the period. South Dakota Investment Council grew its position in shares of Radian Group by 28.3% during the 1st quarter. South Dakota Investment Council now owns 226,629 shares of the insurance provider’s stock valued at $7,497,000 after acquiring an additional 50,026 shares during the period. Finally, Amundi grew its position in shares of Radian Group by 29.6% during the 1st quarter. Amundi now owns 32,828 shares of the insurance provider’s stock valued at $1,086,000 after acquiring an additional 7,503 shares during the period. 95.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RDN shares. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. UBS Group reduced their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada started coverage on shares of Radian Group in a research report on Friday. They issued an “outperform” rating and a $47.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.67.

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.