Radian Group Inc. (NYSE:RDN) Director Noel Joseph Spiegel Sells 5,895 Shares

Radian Group Inc. (NYSE:RDN) Director Noel Joseph Spiegel sold 5,895 shares of Radian Group stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $31.80, for a total value of $187,461.00. Following the completion of the transaction, the director now directly owns 20,008 shares in the company, valued at $636,254.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Radian Group Price Performance

Shares of RDN traded up $0.41 during mid-day trading on Friday, hitting $31.30. 655,042 shares of the company traded hands, compared to its average volume of 780,232. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.76 and a beta of 1.03. The business has a 50-day moving average of $31.25 and a 200 day moving average of $29.11. Radian Group Inc. has a one year low of $24.34 and a one year high of $33.69.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. The firm had revenue of $319.42 million for the quarter, compared to analyst estimates of $314.76 million. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, equities analysts expect that Radian Group Inc. will post 3.52 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.245 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.98 dividend on an annualized basis and a yield of 3.13%. Radian Group’s payout ratio is presently 25.93%.

Wall Street Analysts Forecast Growth

RDN has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $35.00 target price (down from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. UBS Group upped their price objective on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.88.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RDN. Hexagon Capital Partners LLC lifted its stake in Radian Group by 145.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after buying an additional 557 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Radian Group in the 4th quarter valued at approximately $46,000. AXS Investments LLC acquired a new stake in shares of Radian Group in the 4th quarter valued at approximately $66,000. Public Employees Retirement System of Ohio acquired a new position in Radian Group during the first quarter valued at approximately $105,000. Finally, GAMMA Investing LLC bought a new stake in Radian Group in the fourth quarter valued at approximately $101,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.