Radian Group (RDN) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Radian Group (NYSE:RDN) from a buy rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “Shares of Radian have outperformed the insurance industry in a year’s time. It is poised for growth on expansive mortgage and real estate service offerings, declining delinquency, lower levels of paid claims and improving risk-based capital ratio. Radian Group is restructuring its business by intensifying focus on core business and services with higher-growth potential besides more predictable and recurring fee-based revenues. Radian intends to position its Service segment for continued profitability. EBITDA margin for the Services segment is expected in the 10-15% range and earnings to grow an annual run rate of $150 million to $175 million, beginning in the second half of 2018. Solid capital position bodes well. However, stricter regulations, rising mortgage rates and a competitive market pose as risks. Radian Group’s fourth-quarter operating income beat estimates on solid performance at its Mortgage Insurance segment.”

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RDN has been the topic of a number of other research reports. ValuEngine upgraded Radian Group from a buy rating to a strong-buy rating in a research note on Friday, February 2nd. Barclays increased their target price on Radian Group from $29.00 to $31.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a buy rating on shares of Radian Group in a research note on Friday, February 2nd. Wells Fargo reiterated a hold rating on shares of Radian Group in a research note on Thursday, January 18th. Finally, BTIG Research reiterated a buy rating and set a $26.00 target price (up previously from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $24.48.

NYSE:RDN traded down $0.20 on Thursday, hitting $19.14. The company’s stock had a trading volume of 1,625,971 shares, compared to its average volume of 1,594,419. 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 firm has a market capitalization of $4,124.05, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.22 and a beta of 1.52. Radian Group has a one year low of $15.58 and a one year high of $23.49.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. The firm had revenue of $317.90 million for the quarter, compared to analyst estimates of $322.32 million. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. equities research analysts expect that Radian Group will post 2.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors 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 yield of 0.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.00. Radian Group’s dividend payout ratio is currently 0.55%.

Large investors have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new stake in Radian Group during the fourth quarter worth approximately $120,000. Wealthcare Advisory Partners LLC acquired a new stake in Radian Group during the third quarter worth approximately $110,000. Meeder Asset Management Inc. grew its position in Radian Group by 75.9% during the fourth quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock worth $153,000 after buying an additional 3,220 shares in the last quarter. Virtu Financial LLC acquired a new stake in Radian Group during the fourth quarter worth approximately $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Radian Group by 51.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock worth $243,000 after buying an additional 4,021 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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About Radian Group

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

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Analyst Recommendations for Radian Group (NYSE:RDN)

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