Margaret Anne Leyden Sells 2,070 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Director Margaret Anne Leyden sold 2,070 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. The trade was a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Radian Group Price Performance

Shares of RDN stock opened at $33.86 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. The company has a market capitalization of $4.50 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The firm’s 50-day moving average is $35.19 and its two-hundred day moving average is $34.72. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $466.34 million during 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 revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. Analysts predict that Radian Group Inc. will post 5.11 earnings per share for the current year.

Radian Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on RDN. Wall Street Zen upgraded Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. UBS Group reduced their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Keefe, Bruyette & Woods upped their target price on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Finally, Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and increased their target price for the stock from $35.00 to $43.00 in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

Institutional Trading of Radian Group

A number of large investors have recently modified their holdings of RDN. Mercer Global Advisors Inc. ADV raised its stake in shares of Radian Group by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Radian Group by 16.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 310 shares in the last quarter. Bessemer Group Inc. increased its holdings in Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the period. Hantz Financial Services Inc. raised its position 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 purchasing an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position 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 purchasing an additional 344 shares in the last quarter. Hedge funds and other institutional investors 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.