Radian Group Inc. (NYSE:RDN) Receives Average Recommendation of “Reduce” from Analysts

Shares of Radian Group Inc. (NYSE:RDN) have been assigned an average rating of “Reduce” from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.00.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 target price (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th.

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Radian Group in the fourth quarter valued at $53,792,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Radian Group by 117.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider’s stock worth $42,556,000 after purchasing an additional 914,046 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Radian Group during the fourth quarter worth about $25,565,000. Donald Smith & CO. Inc. raised its position in shares of Radian Group by 17.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock valued at $114,552,000 after buying an additional 594,752 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Radian Group during the fourth quarter valued at approximately $16,918,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Up 0.1 %

Shares of RDN stock opened at $30.35 on Monday. The business’s fifty day moving average price is $30.51 and its 200 day moving average price is $28.41. The firm has a market capitalization of $4.60 billion, a PE ratio of 8.03, a P/E/G ratio of 1.86 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. Radian Group has a 1-year low of $22.93 and a 1-year high of $33.69.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The business had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Radian Group will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 3.23%. This is a boost from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio is presently 25.93%.

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.