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

Radian Group Inc. (NYSE:RDN) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $40.00.

A number of research analysts have recently issued reports on RDN shares. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. UBS Group lowered their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Barclays increased 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. Roth Capital restated a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Radian Group in a research report on Monday, December 29th.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. grew its stake in shares of Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 476 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Radian Group by 66.7% during the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the last quarter. Financial Consulate Inc. bought a new position in Radian Group in the third quarter valued at $29,000. Geneos Wealth Management Inc. increased its stake in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Radian Group during the 3rd quarter worth about $33,000. 95.33% of the stock is owned by institutional investors.

Radian Group Stock Performance

Shares of NYSE:RDN opened at $35.66 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The business’s fifty day moving average price is $35.53 and its two-hundred day moving average price is $34.97. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 8.89 and a beta of 0.82.

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

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.255 per share. The ex-dividend date was Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio is presently 25.44%.

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.