Noel Joseph Spiegel Sells 4,834 Shares of Radian Group (NYSE:RDN) Stock

by · The Cerbat Gem

Radian Group Inc. (NYSE:RDNGet Free Report) Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the sale, the director directly owned 20,008 shares of the company’s stock, valued at $724,089.52. The trade was a 19.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Radian Group Stock Performance

RDN traded down $0.55 on Tuesday, reaching $35.78. The company had a trading volume of 1,048,414 shares, compared to its average volume of 1,325,040. The stock has a market cap of $4.76 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $38.84. The company’s fifty day moving average is $35.00 and its 200 day moving average is $34.72.

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

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group’s dividend payout ratio (DPR) is presently 25.12%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RDN shares. Wall Street Zen raised Radian Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods lifted their target price on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. UBS Group lowered their price target 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, Barclays lifted 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 note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.67.

Check Out Our Latest Stock Analysis on Radian Group

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its position in shares of Radian Group by 0.9% during 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 acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 position in shares of Radian Group by 66.7% in the third 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. increased its position in shares of Radian Group by 26.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 329 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Radian Group by 14.6% in the second 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. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Company Profile

(Get Free Report)

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.

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