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

Shares of Radian Group Inc. (NYSE:RDN) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.1667.

A number of research firms recently commented on RDN. Royal Bank Of Canada started coverage on Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Barclays reduced their price objective on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings raised Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th.

Insider Buying and Selling at Radian Group

In other Radian Group news, CEO Michael S. Weinbach purchased 120,487 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the completion of the purchase, the chief executive officer owned 120,487 shares of the company’s stock, valued at $4,083,304.43. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Howard Bernard Culang sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total transaction of $181,000.00. Following the completion of the sale, the chairman owned 11,662 shares of the company’s stock, valued at approximately $422,164.40. The trade was a 30.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,517 shares of company stock valued at $557,610 over the last ninety days. Insiders own 2.03% of the company’s stock.

Institutional Trading of Radian Group

Several institutional investors have recently added to or reduced their stakes in RDN. Northwestern Mutual Wealth Management Co. grew its stake in shares of Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after buying an additional 476 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the last quarter. Fifth Third Bancorp increased its stake in Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 360 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Radian Group in the 3rd quarter worth approximately $34,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Radian Group during the second quarter valued at approximately $37,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Price Performance

NYSE RDN traded up $0.10 during trading on Monday, reaching $36.69. The company’s stock had a trading volume of 96,527 shares, compared to its average volume of 1,301,707. The firm has a fifty day moving average of $37.45 and a 200 day moving average of $35.53. Radian Group has a one year low of $31.50 and a one year high of $41.05. The stock has a market capitalization of $4.85 billion, a PE ratio of 9.44, a P/E/G ratio of 0.89 and a beta of 0.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business had revenue of $574.96 million for the quarter, compared to the consensus estimate of $556.55 million. During the same quarter last year, the business posted $1.01 EPS. The business’s revenue was up 92.3% compared to the same quarter last year. Analysts expect that Radian Group will post 4.86 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 24th. Radian Group’s dividend payout ratio (DPR) is presently 26.22%.

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.