Radian Group Inc. (NYSE:RDN) Given Average Rating of “Moderate Buy” by Brokerages

Radian Group Inc. (NYSE:RDN) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $41.00.

A number of research analysts have recently commented on the stock. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $43.00 in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods lifted 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. UBS Group lowered their price target on 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 upped their price objective on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday.

Radian Group Trading Up 0.0%

NYSE RDN opened at $36.89 on Friday. Radian Group has a 12 month low of $31.50 and a 12 month high of $38.84. The company has a current ratio of 0.58, a quick ratio of 3.40 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $34.56 and a 200-day moving average of $34.57. The company has a market cap of $4.91 billion, a PE ratio of 9.09, a PEG ratio of 0.92 and a beta of 0.76.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s revenue for the quarter was up 46.6% on a year-over-year basis. On average, equities research analysts anticipate that Radian Group will post 5.23 EPS for the current fiscal year.

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 15,000 shares of the 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 sale, the executive vice president owned 93,708 shares in the company, valued at approximately $3,560,904. This represents a 13.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 60,000 shares of company stock worth $2,190,000. 2.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Radian Group in the fourth quarter valued at about $77,364,000. Balyasny Asset Management L.P. boosted its holdings in shares of Radian Group by 151.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock worth $67,842,000 after buying an additional 1,128,852 shares during the period. Donald Smith & CO. Inc. grew its stake in Radian Group by 43.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock valued at $108,411,000 after buying an additional 916,003 shares during the last quarter. Vanguard Group Inc. grew its stake in Radian Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock valued at $589,393,000 after buying an additional 427,473 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Radian Group by 59.7% in the 3rd quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock valued at $36,480,000 after acquiring an additional 376,533 shares during the period. 95.33% of the stock is owned by institutional investors.

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.