Radian Group (NYSE:RDN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Radian Group (NYSE:RDN) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Research cut Radian Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods cut their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Weiss Ratings upgraded Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, September 28th. Barclays upped their price objective on Radian Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. Finally, BTIG Research initiated coverage on Radian Group in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $48.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.14.

Radian Group Price Performance

Shares of NYSE:RDN opened at $33.95 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.82 and a beta of 0.71. The business has a 50-day simple moving average of $35.60 and a two-hundred day simple moving average of $35.86. Radian Group has a fifty-two week low of $30.53 and a fifty-two week high of $41.05.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%. The business’s revenue was up 92.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. On average, analysts expect that Radian Group will post 4.88 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were issued a $0.2550 dividend. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 24th. Radian Group’s dividend payout ratio is currently 26.22%.

Insider Buying and Selling

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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Radian Group

A number of hedge funds have recently modified their holdings of RDN. GAMMA Investing LLC increased its stake in shares of Radian Group by 4.1% in the third quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock worth $355,000 after purchasing an additional 462 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Radian Group by 11.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock valued at $284,000 after buying an additional 747 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Radian Group by 374.1% during the 2nd quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock valued at $1,262,000 after buying an additional 26,432 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Radian Group in the 2nd quarter worth $44,000. Finally, NewEdge Advisors LLC boosted its holdings in Radian Group by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock worth $694,000 after buying an additional 776 shares during the period. 95.33% of the stock is currently owned by institutional investors.

About Radian Group

Radian Group Inc (NYSE: RDN) is a financial services company focused on supporting homeownership and the U.S. residential real estate market. Its principal business is mortgage insurance, which helps protect lenders and investors against losses when borrowers default on certain residential mortgage loans. Through its mortgage insurance operations, Radian serves mortgage lenders, banks, credit unions and other housing-finance participants.

The company also provides services and technology intended to support the mortgage and homeownership lifecycle.