Radian Group Inc. (NYSE:RDN) Receives $42.67 Average PT from Analysts

Radian Group Inc. (NYSE:RDN) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.6667.

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. UBS Group dropped their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and increased their price objective for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th.

Insiders Place Their Bets

In related news, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total value of $71,601.30. Following the completion of the transaction, the director owned 6,864 shares of the company’s stock, valued at $237,425.76. This represents a 23.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Edward J. Hoffman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.00, for a total transaction of $570,000.00. Following the completion of the transaction, the executive vice president directly owned 93,708 shares of the company’s stock, valued at approximately $3,560,904. The trade was a 13.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 75,516 shares of company stock worth $2,747,576 over the last 90 days. Insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its position in Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC increased its position in Radian Group by 16.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after acquiring an additional 310 shares during the period. Bessemer Group Inc. increased its position in Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares during the period. Hantz Financial Services Inc. increased its position in Radian Group by 26.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 329 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 344 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Stock Performance

Shares of RDN stock opened at $35.15 on Wednesday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50-day simple moving average of $35.44 and a 200 day simple moving average of $34.65. Radian Group has a 52 week low of $31.50 and a 52 week high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. On average, sell-side analysts predict that Radian Group will post 5.17 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $1.02 annualized dividend and a yield of 2.9%. Radian Group’s dividend payout ratio is presently 25.12%.

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.