Eric Ray Sells 53,791 Shares of Radian Group Inc. (NYSE:RDN) Stock

Radian Group Inc. (NYSE:RDN) EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Radian Group Stock Performance

NYSE RDN opened at $35.85 on Friday. The company has a fifty day moving average of $33.91 and a two-hundred day moving average of $31.72. The company has a market capitalization of $5.40 billion, a PE ratio of 9.48, a P/E/G ratio of 1.98 and a beta of 1.05. Radian Group Inc. has a 1 year low of $24.56 and a 1 year high of $37.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.41 and a quick ratio of 1.80.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The firm had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. As a group, analysts expect that Radian Group Inc. will post 3.61 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.73%. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

Hedge Funds Weigh In On Radian Group

A number of institutional investors have recently modified their holdings of the business. Ariadne Wealth Management LP purchased a new position in Radian Group during the 2nd quarter worth $418,000. Point72 Asset Management L.P. grew its holdings in shares of Radian Group by 460.4% during the second quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock worth $20,548,000 after buying an additional 542,801 shares during the last quarter. Algert Global LLC acquired a new position in Radian Group in the 2nd quarter valued at about $474,000. AQR Capital Management LLC raised its stake in Radian Group by 70.3% during the 2nd quarter. AQR Capital Management LLC now owns 280,626 shares of the insurance provider’s stock valued at $8,727,000 after acquiring an additional 115,836 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Radian Group during the 2nd quarter worth approximately $116,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RDN. Barclays lifted their price target on shares of Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. UBS Group lifted their price objective on shares of Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Roth Mkm increased their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods raised their price target on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada upped their price objective on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.90.

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.