Radian Group (NYSE:RDN) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Radian Group (NYSE:RDN) from a market perform rating to an outperform rating in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has $42.00 price target on the insurance provider’s stock, up from their prior price target of $41.00.

RDN has been the subject of several other research reports. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Roth Mkm reiterated a “buy” rating and issued a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. Finally, UBS Group reduced their target price 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. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Radian Group currently has an average rating of “Hold” and an average price target of $40.20.

Radian Group Stock Performance

RDN opened at $32.83 on Wednesday. The business has a 50 day moving average price of $34.62 and a two-hundred day moving average price of $34.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 8.19 and a beta of 0.81. Radian Group has a 1-year low of $29.32 and a 1-year high of $38.84.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s dividend payout ratio is currently 25.44%.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of Radian Group stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.01% of the company’s stock.

Institutional Trading of Radian Group

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Radian Group during the second quarter valued at approximately $85,785,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Radian Group during the 2nd quarter valued at $69,714,000. Balyasny Asset Management L.P. grew its holdings in shares of Radian Group by 151.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after acquiring an additional 1,128,852 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Radian Group by 43.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after acquiring an additional 916,003 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Radian Group by 2.7% during the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after acquiring an additional 427,473 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.