Radian Group Inc. (NYSE:RDN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Radian Group Inc. (NYSE:RDN) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.80.

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $41.00 to $42.00 in a research report on Wednesday, February 11th. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays set a $40.00 target price on shares of Radian Group in a research note on Monday, February 23rd. Finally, Weiss Ratings lowered Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th.

Insider Buying and Selling at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.16% of the stock is owned by corporate insiders.

Institutional Trading of Radian Group

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after buying an additional 476 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Radian Group in the 4th quarter worth about $29,000. Bessemer Group Inc. lifted its position in Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares in the last quarter. Financial Consulate Inc. acquired a new position in Radian Group during the 3rd quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. increased its holdings in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $34.37 on Monday. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.86 and a beta of 0.79. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group has a twelve month low of $29.32 and a twelve month high of $38.84. The stock has a fifty day simple moving average of $34.20 and a 200 day simple moving average of $34.69.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $300.51 million for the quarter, compared to analyst estimates of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 EPS. Sell-side analysts expect that Radian Group will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, February 23rd. Radian Group’s dividend payout ratio is presently 24.58%.

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.