Radian Group (NYSE:RDN) Given New $37.00 Price Target at Barclays

Radian Group (NYSE:RDN) had its price objective increased by Barclays from $36.00 to $37.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the insurance provider’s stock.

Several other research firms have also commented on RDN. Keefe, Bruyette & Woods dropped their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. BTIG Research began coverage on shares of Radian Group in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $48.00 price objective for the company. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Zacks Research upgraded Radian Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings lowered Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

Radian Group Price Performance

RDN stock traded down $1.31 on Friday, reaching $35.95. The company had a trading volume of 889,336 shares, compared to its average volume of 1,755,635. Radian Group has a 1 year low of $30.53 and a 1 year high of $41.05. 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 company’s fifty day moving average is $34.80 and its 200 day moving average is $35.27. The company has a market cap of $4.76 billion, a P/E ratio of 8.81, a PEG ratio of 0.90 and a beta of 0.69.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.24. Radian Group had a return on equity of 13.65% and a net margin of 32.60%. The company had revenue of $624.11 million during the quarter, compared to the consensus estimate of $595.99 million. During the same quarter last year, the business posted $1.15 earnings per share. On average, research analysts forecast that Radian Group will post 4.85 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were paid a dividend of $0.2550 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.8%. Radian Group’s payout ratio is 25.00%.

Insider Activity

In related news, EVP Stephen Keleher sold 8,000 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $38.58, for a total value of $308,640.00. Following the completion of the transaction, the executive vice president owned 27,789 shares of the company’s stock, valued at approximately $1,072,099.62. This represents a 22.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $280,763.28. Following the sale, the executive vice president owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This trade represents a 16.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in RDN. BlackRock Inc. acquired a new stake in shares of Radian Group during the second quarter worth approximately $728,072,000. Donald Smith & CO. Inc. acquired a new stake in Radian Group in the second quarter valued at $163,104,000. Caisse de depot et placement du Quebec bought a new position in Radian Group during the 2nd quarter valued at $89,334,000. Bruni J V & Co. Co. bought a new position in Radian Group during the 2nd quarter valued at $59,355,376. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Radian Group during the 2nd quarter worth $45,553,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Radian Group

Here are the key news stories impacting Radian Group this week:

• Positive Sentiment: Radian earned $1.44 per share, beating analyst estimates of roughly $1.20–$1.27 and rising from $1.15 a year earlier. Revenue reached $624.1 million, above the cited consensus estimate. RDN Q3 Earnings Beat on Specialty Strength, Revenues Rise Y/Y
• Positive Sentiment: Operating income increased 25.2%, supported by strength in Specialty Insurance, including Inigo, as well as underwriting and investment income. Commentary following the earnings release also highlighted a valuation case that RDN could be substantially below estimated fair value; that assessment is a model-based view, not a guaranteed return. Radian Group Could Be 66% Below Fair Value As Strong Q3 Earnings Land
• Neutral Sentiment: Barclays raised its price target from $36 to $37 but kept an “equal weight” rating, implying limited upside at the cited share price and signaling a measured analyst outlook. Barclays stock recommendations
• Negative Sentiment: Despite the earnings beat, RDN shares declined in the latest trading session. The provided reports do not identify a specific catalyst for that move, so it may reflect investor caution or profit-taking rather than a clearly reported deterioration in results.

About Radian Group

Radian Group Inc (NYSE:RDN) is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian’s mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.