Howard Bernard Culang Sells 5,000 Shares of Radian Group (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) Chairman Howard Bernard Culang sold 5,000 shares of Radian Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.20, for a total value of $181,000.00. Following the completion of the sale, the chairman directly owned 11,662 shares of the company’s stock, valued at $422,164.40. This trade represents a 30.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Radian Group Trading Down 1.3%

Shares of RDN opened at $35.26 on Thursday. The stock’s fifty day simple moving average is $35.11 and its 200-day simple moving average is $34.74. The firm has a market capitalization of $4.69 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $38.84. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

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

Radian Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group’s payout ratio is currently 25.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RDN shares. Barclays increased their price objective on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. 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. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and increased their price target for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Wall Street Zen upgraded Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Radian Group has an average rating of “Moderate Buy” and a consensus target price of $42.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Radian Group in the 4th quarter valued at $29,000. Bessemer Group Inc. grew 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 buying an additional 318 shares during the period. Geneos Wealth Management Inc. increased its position 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 buying an additional 572 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Radian Group by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after buying an additional 360 shares during the period. 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.