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

Shares of Radian Group Inc. (NYSE:RDN) have earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.00.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. UBS Group cut their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Barclays increased their target price on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $38.00, for a total transaction of $570,000.00. Following the sale, the executive vice president owned 93,708 shares of the company’s stock, valued at $3,560,904. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 60,000 shares of company stock worth $2,190,000 over the last 90 days. Corporate insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $27,000 after acquiring an additional 476 shares during the period. Bessemer Group Inc. grew its holdings in shares of Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Radian Group in the fourth quarter worth $29,000. Geneos Wealth Management Inc. increased its position in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the period. Finally, Fifth Third Bancorp raised its stake in Radian Group by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Performance

NYSE:RDN opened at $36.89 on Friday. The stock has a 50 day simple moving average of $34.56 and a 200 day simple moving average of $34.57. The stock has a market cap of $4.91 billion, a P/E ratio of 9.09, a PEG ratio of 0.92 and a beta of 0.76. Radian Group has a 1-year low of $31.50 and a 1-year high of $38.84. The company has a current ratio of 0.58, a quick ratio of 3.40 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The company’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. Research analysts anticipate that Radian Group will post 5.23 earnings per share for the current year.

Radian Group Company Profile

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.