A number of other equities analysts have also commented on the company. Royal Bank of Canada reissued a buy rating on shares of Radian Group in a research note on Friday, February 2nd. Barclays boosted their price objective on Radian Group from $29.00 to $31.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. ValuEngine upgraded Radian Group from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Deutsche Bank upgraded Radian Group from a hold rating to a buy rating and boosted their target price for the stock from $24.00 to $28.00 in a research report on Monday, January 8th. Finally, Zacks Investment Research upgraded Radian Group from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $24.68.
Radian Group (NYSE:RDN) opened at $19.99 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $4,310.00, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.42 and a beta of 1.58. Radian Group has a one year low of $15.58 and a one year high of $23.49.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were given a dividend of $0.0025 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.00. Radian Group’s payout ratio is presently 0.99%.
Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new stake in Radian Group in the fourth quarter valued at about $393,000. MetLife Investment Advisors LLC bought a new stake in Radian Group in the fourth quarter valued at about $2,050,000. Macquarie Group Ltd. increased its holdings in Radian Group by 211.6% in the fourth quarter. Macquarie Group Ltd. now owns 236,791 shares of the insurance provider’s stock valued at $4,880,000 after purchasing an additional 160,791 shares during the last quarter. Verition Fund Management LLC bought a new stake in Radian Group in the fourth quarter valued at about $835,000. Finally, Zeke Capital Advisors LLC bought a new stake in Radian Group in the fourth quarter valued at about $278,000. Institutional investors own 94.49% of the company’s stock.
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About Radian Group
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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