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

Shares of Radian Group Inc. (NYSE:RDN) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $43.1667.

Several research firms have issued reports on RDN. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada initiated coverage on Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Radian Group in a report on Tuesday, June 16th. Finally, Barclays raised their target price on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, May 11th.

Insider Transactions at Radian Group

In related news, CEO Michael S. Weinbach bought 49,513 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the completion of the acquisition, the chief executive officer owned 170,000 shares in the company, valued at approximately $5,786,800. This represents a 41.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret Anne Leyden sold 2,070 shares of Radian Group stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. The trade was a 23.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 30,516 shares of company stock valued at $1,127,576. 2.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Radian Group

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB raised its holdings in Radian Group by 10.7% during the second quarter. Handelsbanken Fonder AB now owns 40,285 shares of the insurance provider’s stock worth $1,518,000 after purchasing an additional 3,900 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Radian Group by 10.0% in the second quarter. GAMMA Investing LLC now owns 11,151 shares of the insurance provider’s stock valued at $420,000 after buying an additional 1,010 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Radian Group by 439.9% in the first quarter. Parallel Advisors LLC now owns 2,262 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,843 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Radian Group during the 1st quarter worth $338,000. Finally, Bank of America Corp DE boosted its position in shares of Radian Group by 26.1% in the 1st quarter. Bank of America Corp DE now owns 758,110 shares of the insurance provider’s stock worth $25,078,000 after buying an additional 156,770 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Shares of Radian Group stock traded down $0.71 on Thursday, reaching $39.00. 40,347 shares of the stock were exchanged, compared to its average volume of 1,336,151. Radian Group has a 1-year low of $31.50 and a 1-year high of $41.05. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $36.52 and a two-hundred day moving average price of $35.02. The firm has a market capitalization of $5.19 billion, a PE ratio of 9.61, a PEG ratio of 0.99 and a beta of 0.72.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $466.34 million during the quarter, compared to analysts’ expectations 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 prior year, the company posted $0.99 earnings per share. As a group, research analysts anticipate that Radian Group will post 5.17 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s dividend payout ratio (DPR) is currently 25.12%.

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.