Radian Group Inc. (NYSE:RDN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Radian Group Inc. (NYSE:RDN) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.60.

A number of brokerages recently issued reports on RDN. Barclays set a $40.00 price target on shares of Radian Group in a report on Monday, February 23rd. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $41.00 to $42.00 in a report on Wednesday, February 11th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. UBS Group lowered their target price on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, Roth Mkm restated a “buy” rating and set a $45.00 target price on shares of Radian Group in a research report on Friday, January 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RDN. Mercer Global Advisors Inc. ADV boosted its stake in Radian Group by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after purchasing an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Radian Group by 16.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after buying an additional 310 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after buying an additional 318 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Radian Group by 26.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after buying an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Radian Group by 14.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE:RDN traded down $0.19 during trading hours on Friday, reaching $32.93. The company had a trading volume of 61,272 shares, compared to its average volume of 1,449,587. Radian Group has a 1-year low of $29.32 and a 1-year high of $38.84. The firm has a market cap of $4.49 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80. The business’s 50 day moving average price is $33.38 and its 200-day moving average price is $34.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. Research analysts forecast that Radian Group will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a dividend of $0.255 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.1%. Radian Group’s dividend payout ratio is currently 24.58%.

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.