Radian Group Inc. (NYSE:RDN) Receives $36.80 Average Price Target from Analysts

Radian Group Inc. (NYSE:RDN) has been given a consensus recommendation of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $36.83.

Several research firms recently weighed in on RDN. UBS Group upped their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Finally, Compass Point downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 23rd.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.01% of the stock is owned by insiders.

Institutional Trading of Radian Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management increased its holdings in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares during the last quarter. Covestor Ltd increased its holdings in shares of Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after buying an additional 355 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 357 shares during the last quarter. CX Institutional increased its holdings in Radian Group by 5.8% in the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in Radian Group by 3.1% in the 1st quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider’s stock valued at $526,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Up 2.8%

Shares of Radian Group stock opened at $34.20 on Friday. The firm has a 50-day simple moving average of $32.73 and a two-hundred day simple moving average of $32.91. The company has a market cap of $4.59 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, equities analysts predict that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a $0.255 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.98%. Radian Group’s payout ratio is 25.95%.

Radian Group announced that its board has approved a share buyback plan on Wednesday, May 21st that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.