Shares of Radian Group Inc (NYSE:RDN) were down 10.2% during mid-day trading on Monday . The company traded as low as $19.45 and last traded at $19.94. Approximately 6,240,732 shares were traded during trading, an increase of 361% from the average daily volume of 1,354,950 shares. The stock had previously closed at $22.21.
A number of analysts have issued reports on RDN shares. Wells Fargo & Co started coverage on shares of Radian Group in a research note on Tuesday, November 28th. They set a “market perform” rating and a $22.00 price target on the stock. BTIG Research reiterated a “buy” rating and set a $26.00 price target (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Royal Bank of Canada started coverage on shares of Radian Group in a research note on Wednesday, December 20th. They set an “outperform” rating and a $26.00 price target on the stock. B. Riley lowered shares of Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.68.
The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4,307.68, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were paid a $0.0025 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.00. This represents a $0.01 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 1.85%.
Institutional investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC purchased a new position in Radian Group in the third quarter valued at approximately $110,000. Cerebellum GP LLC purchased a new position in Radian Group in the fourth quarter valued at approximately $120,000. Meeder Asset Management Inc. increased its stake in Radian Group by 75.9% in the fourth quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock valued at $153,000 after purchasing an additional 3,220 shares during the last quarter. Virtu Financial LLC purchased a new position in Radian Group in the fourth quarter valued at approximately $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Radian Group by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 4,021 shares during the last quarter. Institutional investors own 94.49% of the company’s stock.
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Radian Group Company Profile
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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