Radian Group Inc. (NYSE:RDN) Receives Consensus Rating of “Moderate Buy” from Analysts

Radian Group Inc. (NYSE:RDN) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.1667.

A number of research analysts recently commented on RDN shares. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Barclays upped their target price on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada started coverage on Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 target price on the stock.

Radian Group Trading Up 0.4%

RDN stock opened at $37.63 on Friday. Radian Group has a one year low of $31.50 and a one year high of $38.90. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.94 and a beta of 0.72. The company has a fifty day moving average price of $36.08 and a two-hundred day moving average price of $34.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58.

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

Radian Group Announces Dividend

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

Insider Transactions at Radian Group

In other news, Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the sale, the director owned 20,008 shares of the company’s stock, valued at approximately $724,089.52. This trade represents a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Margaret Anne Leyden sold 2,070 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the sale, the director directly owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. The trade was a 23.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 73,525 shares of company stock worth $2,677,891. 2.03% of the stock is currently owned by company insiders.

Institutional Trading of Radian Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Radian Group during the 4th quarter worth approximately $77,364,000. Balyasny Asset Management L.P. raised its position in shares of Radian Group by 151.7% in the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after buying an additional 1,128,852 shares in the last quarter. Donald Smith & CO. Inc. raised its position 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 valued at $108,411,000 after buying an additional 916,003 shares in the last quarter. Millennium Management LLC raised its position in shares of Radian Group by 59.7% in the third quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock valued at $36,480,000 after buying an additional 376,533 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Radian Group by 125.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 550,634 shares of the insurance provider’s stock valued at $19,817,000 after buying an additional 306,282 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Radian Group

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.