Michael Weinbach Acquires 49,513 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) CEO Michael Weinbach purchased 49,513 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $34.04 per share, for a total transaction of $1,685,422.52. Following the transaction, the chief executive officer directly owned 170,000 shares of the company’s stock, valued at approximately $5,786,800. The trade was a 41.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Radian Group Stock Performance

Shares of RDN opened at $33.60 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.47 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The firm’s fifty day simple moving average is $35.23 and its two-hundred day simple moving average is $34.69. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $38.84.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, analysts predict that Radian Group Inc. will post 5.11 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group’s dividend payout ratio is 25.12%.

Wall Street Analysts Forecast Growth

RDN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased 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. Barclays increased their price objective on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective on the stock. UBS Group cut their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

Institutional Investors Weigh In On Radian Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV increased its stake in Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after buying an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Radian Group by 16.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after buying an additional 310 shares during the last quarter. Bessemer Group Inc. increased its stake in 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 buying an additional 318 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Radian Group by 26.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after buying an additional 329 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.