Brokerages Set Radian Group Inc. (NYSE:RDN) PT at $41.00

Radian Group Inc. (NYSE:RDN) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.6667.

A number of research analysts recently weighed in on the company. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods boosted their target price on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Barclays boosted their target price on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Finally, UBS Group decreased their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th.

Insider Buying and Selling

In other Radian Group news, EVP Edward J. Hoffman sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $38.00, for a total transaction of $570,000.00. Following the sale, the executive vice president directly owned 93,708 shares in the company, valued at approximately $3,560,904. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 60,000 shares of company stock worth $2,190,000 in the last quarter. 2.03% of the stock is currently owned by insiders.

Institutional Trading of Radian Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Radian Group in the fourth quarter valued at $29,000. Bessemer Group Inc. lifted its position in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Radian Group by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 360 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Trading Down 2.3%

Shares of RDN stock opened at $36.37 on Friday. The business’s fifty day moving average price is $34.94 and its 200 day moving average price is $34.70. Radian Group has a 1-year low of $31.50 and a 1-year high of $38.84. The firm has a market capitalization of $4.84 billion, a PE ratio of 8.96, a P/E/G ratio of 0.93 and a beta of 0.76. 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 announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. Radian Group’s quarterly revenue was up 46.6% on a year-over-year basis. As a group, sell-side analysts forecast that Radian Group will post 5.23 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd 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 Tuesday, June 2nd. Radian Group’s payout ratio is presently 25.12%.

Radian Group Company Profile

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.