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

Radian Group Inc. (NYSE:RDN) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.6667.

Several equities analysts have commented on the stock. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective on the stock. Barclays upped their price objective on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, April 10th. Finally, UBS Group decreased their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th.

Radian Group Price Performance

Shares of RDN opened at $34.63 on Wednesday. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.87 and a beta of 0.73. Radian Group has a 1-year low of $31.50 and a 1-year high of $38.84. The company’s fifty day simple moving average is $35.39 and its 200 day simple moving average is $34.66. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. On average, research analysts forecast that Radian Group will post 5.17 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 2nd. Radian Group’s payout ratio is 25.12%.

Insider Buying and Selling at Radian Group

In related news, Chairman Howard Bernard Culang sold 3,612 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $36.00, for a total transaction of $130,032.00. Following the completion of the sale, the chairman owned 8,050 shares of the company’s stock, valued at $289,800. This represents a 30.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Weinbach acquired 49,513 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the transaction, the chief executive officer directly owned 170,000 shares of the company’s stock, valued at $5,786,800. This trade represents a 41.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 75,516 shares of company stock valued at $2,747,576 over the last three months. 2.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Radian Group

Several institutional investors and hedge funds have recently bought and sold shares of RDN. Norges Bank bought a new stake in Radian Group during the fourth quarter worth about $77,364,000. Balyasny Asset Management L.P. lifted its position in Radian Group by 151.7% during the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock worth $67,842,000 after purchasing an additional 1,128,852 shares during the period. Donald Smith & CO. Inc. lifted its position in Radian Group by 43.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Radian Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after acquiring an additional 427,473 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Radian Group by 59.7% in the third quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock worth $36,480,000 after acquiring an additional 376,533 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

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.