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 recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.1667.

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, September 11th. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Finally, Barclays reduced their price target on Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, August 10th.

Insider Activity

In related news, EVP Meghan Bartholomew sold 7,812 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $35.94, for a total value of $280,763.28. Following the sale, the executive vice president directly owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This represents a 16.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its holdings in Radian Group by 109.3% in the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 351 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Radian Group in the second quarter valued at $37,000. Integrated Wealth Concepts LLC acquired a new position in Radian Group in the second quarter valued at $44,000. Root Financial Partners LLC boosted its stake in Radian Group by 67.3% in the 1st quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider’s stock worth $43,000 after buying an additional 518 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Radian Group in the 2nd quarter worth about $55,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Shares of RDN traded up $0.14 during mid-day trading on Friday, reaching $34.94. The company had a trading volume of 177,173 shares, compared to its average volume of 1,274,005. Radian Group has a 52-week low of $31.50 and a 52-week high of $41.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $37.27 and a two-hundred day moving average of $35.87. The stock has a market capitalization of $4.62 billion, a P/E ratio of 8.97, a PEG ratio of 0.86 and a beta of 0.70.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The company’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. On average, analysts expect that Radian Group will post 4.86 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.9%. Radian Group’s payout ratio is currently 26.22%.

About Radian Group

Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.

Radian’s mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.