Radian Group Inc. (NYSE:RDN) Receives $40.00 Average Price Target from Analysts

Radian Group Inc. (NYSE:RDN) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.00.

A number of equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Roth Mkm reiterated a “buy” rating and issued a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th.

Radian Group Trading Down 2.4%

Shares of RDN stock opened at $32.75 on Thursday. Radian Group has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $4.44 billion, a PE ratio of 8.17 and a beta of 0.81. The stock has a fifty day simple moving average of $34.74 and a two-hundred day simple moving average of $34.69.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, November 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.44%.

Insider Transactions at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Radian Group

A number of hedge funds have recently bought and sold shares of RDN. Northwestern Mutual Wealth Management Co. grew its position in Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares during the last quarter. Financial Consulate Inc. purchased a new stake in shares of Radian Group during the third quarter valued at $29,000. Bessemer Group Inc. boosted its stake in shares of Radian Group by 66.7% during the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 318 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Radian Group in the fourth quarter worth about $29,000. Finally, Geneos Wealth Management Inc. increased its stake in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares during the period. Hedge funds and other 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.