Radian Group Inc. (NYSE:RDN) Receives $35.90 Consensus Price Target from Brokerages

Shares of Radian Group Inc. (NYSE:RDN) have earned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $35.90.

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

Radian Group Price Performance

Shares of NYSE:RDN opened at $34.55 on Friday. Radian Group has a 1-year low of $24.56 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average price of $35.17 and a 200-day moving average price of $32.65. The company has a market capitalization of $5.20 billion, a PE ratio of 9.14, a PEG ratio of 1.89 and a beta of 1.05.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The firm had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. As a group, equities analysts expect that Radian Group will post 3.75 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.84%. Radian Group’s payout ratio is 25.93%.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the business’s 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 sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Radian Group news, insider Derek Brummer sold 35,153 shares of the business’s 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 sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric Ray sold 53,791 shares of the business’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Radian Group

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in 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 purchasing an additional 1,160 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Radian Group during the 4th quarter valued at about $46,000. Hexagon Capital Partners LLC grew its holdings in Radian Group by 75.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 709 shares during the last quarter. CWM LLC grew its stake in 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 acquiring an additional 1,679 shares in the last quarter. Finally, AXS Investments LLC bought a new position in Radian Group in the 4th quarter worth about $66,000. 95.33% of the stock is currently owned by institutional investors.

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.