Radian Group (NYSE:RDN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Radian Group Inc. (NYSE:RDN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.91 and traded as high as $36.53. Radian Group shares last traded at $36.3040, with a volume of 469,453 shares.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RDN. Barclays increased their price objective on shares of Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Monday. Keefe, Bruyette & Woods lifted their price objective on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Finally, UBS Group decreased their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Radian Group presently has a consensus rating of “Moderate Buy” and an average price target of $38.75.

Radian Group Price Performance

The firm has a market capitalization of $4.87 billion, a PE ratio of 8.97 and a beta of 0.83. The stock’s 50 day simple moving average is $35.22 and its two-hundred day simple moving average is $34.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. The firm had revenue of $303.19 million during the quarter, compared to analysts’ expectations of $308.77 million. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders 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 2.8%. Radian Group’s payout ratio is presently 25.44%.

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 13,957 shares of Radian Group 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 2.01% of the company’s stock.

Institutional Trading of Radian Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its holdings in Radian Group by 274.3% in the third quarter. Tudor Investment Corp ET AL now owns 91,912 shares of the insurance provider’s stock valued at $3,329,000 after acquiring an additional 67,357 shares during the last quarter. Allworth Financial LP raised its position in Radian Group by 31.7% in the third quarter. Allworth Financial LP now owns 2,498 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 601 shares during the period. Swiss Life Asset Management Ltd acquired a new position in shares of Radian Group in the 3rd quarter valued at $232,000. Prana Capital Management LP acquired a new position in shares of Radian Group in the 3rd quarter valued at $1,979,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Radian Group during the 3rd quarter worth $524,000. Institutional investors and hedge funds 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.