Radian Group (NYSE:RDN) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Radian Group (NYSE:RDN) had its price objective cut by Keefe, Bruyette & Woods from $44.00 to $43.00 in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

Several other analysts also recently issued reports on the company. Wall Street Zen downgraded Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Weiss Ratings lowered Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Zacks Research upgraded Radian Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. BTIG Research initiated coverage on Radian Group in a research note on Tuesday, September 22nd. They set a “buy” rating and a $48.00 price objective for the company. Finally, Barclays increased their target price on Radian Group from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, November 6th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

Radian Group Stock Performance

Shares of NYSE RDN opened at $36.80 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $34.85 and its two-hundred day moving average price is $35.34. Radian Group has a 52-week low of $30.53 and a 52-week high of $41.05. The stock has a market capitalization of $4.65 billion, a P/E ratio of 7.43, a P/E/G ratio of 0.94 and a beta of 0.69.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, November 5th. The insurance provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.24. The company had revenue of $624.11 million during the quarter, compared to the consensus estimate of $595.99 million. Radian Group had a return on equity of 14.39% and a net margin of 28.41%. During the same period in the previous year, the firm posted $1.15 earnings per share. As a group, sell-side analysts forecast that Radian Group will post 4.91 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 23rd. Radian Group’s payout ratio is presently 25.00%.

Insider Activity

In other Radian Group news, EVP Meghan Bartholomew sold 7,812 shares of the firm’s stock in a transaction that occurred on 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 owned 39,203 shares in the company, valued at approximately $1,408,955.82. This trade represents a 16.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Stephen Keleher sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $38.58, for a total transaction of $308,640.00. Following the completion of the sale, the executive vice president owned 27,789 shares in the company, valued at $1,072,099.62. The trade was a 22.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Radian Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Advisory Services Inc. acquired a new position in shares of Radian Group during the third quarter valued at approximately $285,000. Advisors Asset Management Inc. bought a new stake in Radian Group during the third quarter worth approximately $3,389,000. Ieq Capital LLC lifted its position in Radian Group by 26.0% in the third quarter. Ieq Capital LLC now owns 14,468 shares of the insurance provider’s stock worth $443,000 after purchasing an additional 2,988 shares during the period. Focus Advisor Solutions LLC acquired a new stake in Radian Group in the third quarter worth approximately $289,000. Finally, Boston Partners lifted its position in Radian Group by 63.7% in the third quarter. Boston Partners now owns 65,819 shares of the insurance provider’s stock worth $2,015,000 after purchasing an additional 25,616 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Radian Group

Radian Group Inc. is a mortgage and real estate services company whose primary business is private mortgage insurance. Through its subsidiaries, it provides mortgage insurance to lenders and other housing finance participants in the United States. Mortgage insurance helps protect lenders and investors against losses if borrowers default. It can also support home purchases by allowing qualified borrowers to obtain mortgages with smaller down payments than would otherwise be required. Radian also offers services and solutions related to mortgage risk management.