Barclays Cuts Radian Group (NYSE:RDN) Price Target to $37.00

Radian Group (NYSE:RDN) had its target price decreased by Barclays from $40.00 to $37.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the insurance provider’s stock.

RDN has been the topic of a number of other research reports. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Weiss Ratings lowered Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $42.00 in a research note on Wednesday, February 11th. Finally, UBS Group decreased their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Radian Group Trading Up 1.2%

Shares of RDN opened at $34.63 on Monday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 8.35, a PEG ratio of 1.82 and a beta of 0.77. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $33.44 and a two-hundred day simple moving average of $34.37. Radian Group has a twelve month low of $29.32 and a twelve month high of $38.84.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share (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 analysts’ expectations of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, research analysts anticipate that Radian Group will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a $0.255 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.02 annualized dividend and a yield of 2.9%. Radian Group’s dividend payout ratio (DPR) is 24.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 476 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of Radian Group during the third quarter valued at approximately $29,000. Bessemer Group Inc. grew its stake in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the period. V Square Quantitative Management LLC bought a new position in Radian Group in the fourth quarter worth $29,000. Finally, Geneos Wealth Management Inc. raised its holdings in Radian Group by 191.3% in the first 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. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.