Saturday, June 22, 2024

Eric Ray offloads 65,305 shares of Radian Group Inc. (NYSE:RDN) stock

Executive Vice President of Radian Group Inc. Sells Shares – Stock Performance and Dividend Announcement

Are you interested in the latest insider trading news? Well, you’re in luck because Radian Group Inc. (NYSE:RDN) recently had one of its executive vice presidents, Eric Ray, sell over 65,000 shares of the company’s stock. This transaction, which took place on May 23rd, totaled over $2 million. If you want to learn more about this sale, you can access the filing with the Securities & Exchange Commission through this link.

Now, let’s talk about Radian Group’s stock performance. The stock opened at $31.30 on Friday, with a 1-year low of $24.34 and a high of $33.69. The company has a market capitalization of $4.71 billion and a P/E ratio of 8.28. Radian Group also recently announced its earnings results, with the insurance provider reporting $1.03 earnings per share for the quarter, beating the consensus estimate by $0.20.

In addition to its earnings, Radian Group also announced a quarterly dividend, which will be paid on June 20th. Investors of record on June 4th will receive a $0.245 dividend. The company’s payout ratio is currently 25.93%, with a dividend yield of 3.13%.

Analysts have mixed opinions on Radian Group, with some reaffirming a “market perform” rating and others raising their price targets. Overall, the stock has an average rating of “Hold” and an average price target of $30.88.

Institutional investors have also been active in Radian Group, with some increasing their holdings and others buying new positions. Hedge funds and other institutional investors now own 95.33% of the company’s stock.

Overall, Radian Group Inc. is a mortgage and real estate services business in the United States, operating through two segments: Mortgage Insurance and Homegenius. With recent insider trading activity, strong earnings results, and a dividend announcement, Radian Group is definitely a stock to keep an eye on.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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