Radian Group (NYSE:RDN) EVP Sells $570,000.00 in Stock

Radian Group Inc. (NYSE:RDN) EVP Edward Hoffman sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $38.00, for a total value of $570,000.00. Following the completion of the sale, the executive vice president owned 93,708 shares of the company’s stock, valued at $3,560,904. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Radian Group Stock Performance

NYSE:RDN opened at $36.86 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.40 and a current ratio of 0.58. The stock has a 50-day simple moving average of $34.51 and a two-hundred day simple moving average of $34.55. The firm has a market capitalization of $4.90 billion, a PE ratio of 9.08, a P/E/G ratio of 0.91 and a beta of 0.76. Radian Group Inc. has a 52-week low of $31.50 and a 52-week high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. Analysts forecast that Radian Group Inc. will post 5.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RDN. Northwestern Mutual Wealth Management Co. lifted its position in shares of Radian Group by 178.9% in the 3rd 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. Bessemer Group Inc. raised its stake in shares of 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 acquiring an additional 318 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Radian Group during the fourth quarter worth $29,000. Geneos Wealth Management Inc. raised its stake in Radian Group by 191.3% in the first 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 during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RDN. Keefe, Bruyette & Woods boosted their price target on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Barclays lifted their price target on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and increased their price objective for the company from $35.00 to $43.00 in a research report on Wednesday, April 29th. Finally, UBS Group dropped their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.