Radian Group Inc. (NYSE:RDN) Receives $40.00 Average Price Target from Brokerages

Radian Group Inc. (NYSE:RDN) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

RDN has been the subject of a number of recent research reports. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group cut their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Keefe, Bruyette & Woods increased their target price on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Barclays upped their price objective on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Finally, Roth Capital reiterated a “buy” rating and set a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd.

Radian Group Trading Up 0.5%

NYSE RDN opened at $33.13 on Friday. The company has a market cap of $4.49 billion, a PE ratio of 8.26 and a beta of 0.82. Radian Group has a 12 month low of $29.32 and a 12 month high of $38.84. The stock has a 50 day moving average of $35.39 and a 200-day moving average of $34.86. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. The business had revenue of $303.19 million during the quarter, compared to the consensus estimate of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. Radian Group’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, equities research analysts anticipate that Radian Group will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.02 annualized dividend and a yield of 3.1%. Radian Group’s payout ratio is currently 25.44%.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 357 shares during the last quarter. United Services Automobile Association bought a new stake in Radian Group during the 1st quarter valued at $326,000. Intech Investment Management LLC boosted its position in Radian Group by 10.3% during the 1st quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider’s stock valued at $2,283,000 after buying an additional 6,429 shares during the period. Geneos Wealth Management Inc. grew its holdings in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the last quarter. Finally, Strs Ohio purchased a new position in Radian Group during the 1st quarter valued at about $427,000. 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.