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

Shares of Radian Group Inc. (NYSE:RDN) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $40.00.

RDN has been the topic of several recent research reports. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. 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 research note on Thursday, December 18th. Roth Mkm restated a “buy” rating and set a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, UBS Group cut their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th.

Radian Group Stock Performance

Shares of RDN stock opened at $33.42 on Thursday. The company’s fifty day moving average price is $34.88 and its 200-day moving average price is $34.70. The stock has a market cap of $4.53 billion, a PE ratio of 8.33 and a beta of 0.81. 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 has a 12 month low of $29.32 and a 12 month high of $38.84.

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

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is 25.44%.

Insiders Place Their Bets

In related news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Radian Group

Large investors have recently added to or reduced their stakes in the stock. Summit Global Investments purchased a new position in Radian Group during the third quarter valued at approximately $1,213,000. Capital Fund Management S.A. bought a new stake in shares of Radian Group during the 2nd quarter valued at $3,470,000. Campbell & CO Investment Adviser LLC lifted its stake in shares of Radian Group by 187.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider’s stock valued at $1,715,000 after buying an additional 30,862 shares in the last quarter. Norges Bank purchased a new position in shares of Radian Group during the 2nd quarter valued at $85,785,000. Finally, Allworth Financial LP boosted its holdings in Radian Group by 1,049.7% in the 2nd quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock worth $68,000 after buying an additional 1,732 shares during the period. 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.