Radian Group Inc. (NYSE:RDN) Receives $43.17 Consensus Price Target from Brokerages

Shares of Radian Group Inc. (NYSE:RDN) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $43.1667.

Several research firms recently weighed in on RDN. Royal Bank Of Canada assumed coverage on shares of Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Barclays increased their target price on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Bank of America upgraded 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 note on Wednesday, April 29th.

Radian Group Stock Down 1.3%

RDN stock opened at $39.13 on Thursday. The stock has a market cap of $5.20 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.00 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $36.82 and its two-hundred day simple moving average is $35.23. Radian Group has a 1-year low of $31.50 and a 1-year high of $41.05.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The company’s revenue for the quarter was up 92.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share. Analysts expect that Radian Group will post 5.17 EPS for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 2nd. Radian Group’s dividend payout ratio is 25.12%.

Insiders Place Their Bets

In other news, Chairman Howard Bernard Culang sold 3,612 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $36.00, for a total transaction of $130,032.00. Following the transaction, the chairman owned 8,050 shares of the company’s stock, valued at $289,800. This represents a 30.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $34.59, for a total value of $71,601.30. Following the transaction, the director owned 6,864 shares of the company’s stock, valued at $237,425.76. The trade was a 23.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 30,516 shares of company stock valued at $1,127,576. Company insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Radian Group

Several institutional investors have recently added to or reduced their stakes in the business. Summit Global Investments bought a new position in Radian Group during the second quarter worth about $1,292,000. Handelsbanken Fonder AB raised its position in shares of Radian Group by 10.7% in the second quarter. Handelsbanken Fonder AB now owns 40,285 shares of the insurance provider’s stock valued at $1,518,000 after purchasing an additional 3,900 shares during the period. GAMMA Investing LLC raised its position in shares of Radian Group by 10.0% in the second quarter. GAMMA Investing LLC now owns 11,151 shares of the insurance provider’s stock valued at $420,000 after purchasing an additional 1,010 shares during the period. Parallel Advisors LLC lifted its stake in shares of Radian Group by 439.9% during the 1st quarter. Parallel Advisors LLC now owns 2,262 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,843 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Radian Group during the 1st quarter valued at approximately $338,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.