Radian Group Inc. (NYSE:RDN) Given Average Rating of “Hold” by Brokerages

Shares of Radian Group Inc. (NYSE:RDN) have received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.90.

RDN has been the topic of several research analyst reports. Barclays boosted their price target on Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Roth Mkm boosted their target price on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods raised their price target on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada boosted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Eric Ray sold 53,791 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The disclosure for this sale can be found here. Insiders sold a total of 119,772 shares of company stock valued at $4,260,796 over the last three months. 2.16% of the stock is currently owned by insiders.

Institutional Trading of Radian Group

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 1,160 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Radian Group during the 4th quarter worth $46,000. Hexagon Capital Partners LLC increased its holdings in shares of Radian Group by 75.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after buying an additional 709 shares during the last quarter. CWM LLC raised its position in shares of Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after buying an additional 1,679 shares during the period. Finally, AXS Investments LLC acquired a new position in Radian Group in the fourth quarter valued at $66,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Price Performance

Shares of NYSE RDN opened at $35.09 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. Radian Group has a one year low of $24.56 and a one year high of $37.86. The firm has a market capitalization of $5.28 billion, a P/E ratio of 9.28, a PEG ratio of 1.80 and a beta of 1.05. The company’s fifty day moving average is $35.14 and its two-hundred day moving average is $32.52.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. The firm had revenue of $312.37 million for the quarter, compared to the consensus estimate of $324.00 million. Analysts forecast that Radian Group will post 3.75 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, August 26th. Radian Group’s payout ratio is 25.93%.

Radian Group Company Profile

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.