Radian Group (NYSE:RDN) Reaches New 52-Week High – What’s Next?

Radian Group Inc. (NYSE:RDN) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.90 and last traded at $38.7910, with a volume of 86810 shares traded. The stock had previously closed at $38.19.

Analyst Ratings Changes

A number of research firms recently commented on RDN. Weiss Ratings reissued a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and raised their price objective for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Barclays upped their target price on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, UBS Group decreased their price target 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. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Radian Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Radian Group Trading Down 1.4%

The firm’s 50-day simple moving average is $36.04 and its 200-day simple moving average is $34.79. The firm has a market capitalization of $4.99 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

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

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s dividend payout ratio (DPR) is presently 25.12%.

Insiders Place Their Bets

In other news, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the sale, the director owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. This represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 firm’s 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 completion of the transaction, the executive vice president owned 93,708 shares in the company, valued at $3,560,904. This represents a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 75,516 shares of company stock worth $2,747,576. 2.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Radian Group

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 acquiring an additional 1,010 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Radian Group by 439.9% during the first quarter. Parallel Advisors LLC now owns 2,262 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,843 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Radian Group during the first quarter worth about $338,000. Bank of America Corp DE grew its stake in shares of Radian Group by 26.1% in the first quarter. Bank of America Corp DE now owns 758,110 shares of the insurance provider’s stock worth $25,078,000 after purchasing an additional 156,770 shares during the last quarter. Finally, RBF Capital LLC grew its stake in shares of Radian Group by 16.7% in the first quarter. RBF Capital LLC now owns 140,000 shares of the insurance provider’s stock worth $4,631,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

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.