Radian Group Inc. (NYSE:RDN) Receives $40.60 Consensus Target Price from Analysts

Radian Group Inc. (NYSE:RDN) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $40.60.

Several research analysts have commented on RDN shares. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $41.00 to $42.00 in a report on Wednesday, February 11th. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. UBS Group dropped their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Weiss Ratings lowered Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RDN. Corient Private Wealth LLC lifted its position in Radian Group by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 21,249 shares of the insurance provider’s stock valued at $765,000 after purchasing an additional 647 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Radian Group by 23.1% in the 4th quarter. Hsbc Holdings PLC now owns 90,154 shares of the insurance provider’s stock worth $3,256,000 after buying an additional 16,895 shares during the last quarter. State of Tennessee Department of Treasury raised its position in shares of Radian Group by 37.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 57,009 shares of the insurance provider’s stock valued at $1,876,000 after buying an additional 15,438 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Radian Group by 172.6% during the 4th quarter. Mackenzie Financial Corp now owns 26,647 shares of the insurance provider’s stock valued at $965,000 after buying an additional 16,871 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Radian Group by 64.3% during the 4th quarter. NewEdge Advisors LLC now owns 17,564 shares of the insurance provider’s stock worth $632,000 after acquiring an additional 6,876 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Trading Up 1.8%

Shares of Radian Group stock opened at $33.62 on Friday. Radian Group has a 12-month low of $29.32 and a 12-month high of $38.84. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 1.78 and a beta of 0.77. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $33.36 and its 200-day moving average price is $34.42.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The company had revenue of $300.51 million during the quarter, compared to analyst estimates of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. Radian Group’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. On average, equities analysts expect that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

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

About Radian Group

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.