Radian Group (NYSE:RDN) Upgraded to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Radian Group (NYSE:RDNFree Report) from a market perform rating to an outperform rating in a research note released on Monday morning, Marketbeat.com reports. Keefe, Bruyette & Woods currently has $36.00 price objective on the insurance provider’s stock, up from their prior price objective of $35.00.

Separately, UBS Group increased their price objective on shares of Radian Group from $30.00 to $31.50 and gave the stock a neutral rating in a research note on Wednesday, May 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $31.13.

Read Our Latest Research Report on RDN

Radian Group Stock Up 2.1 %

RDN opened at $31.89 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. Radian Group has a 1-year low of $24.34 and a 1-year high of $33.69. The company has a market capitalization of $4.80 billion, a PE ratio of 8.44, a PEG ratio of 1.77 and a beta of 1.03. The firm’s 50 day simple moving average is $31.12 and its two-hundred day simple moving average is $29.31.

Radian Group (NYSE:RDNGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business had revenue of $319.42 million for the quarter, compared to the consensus estimate of $314.76 million. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Radian Group will post 3.52 EPS for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.245 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.98 annualized dividend and a yield of 3.07%. Radian Group’s payout ratio is 25.93%.

Insider Activity at Radian Group

In related news, Director Noel Joseph Spiegel sold 5,895 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total transaction of $187,461.00. Following the completion of the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at $636,254.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Radian Group news, Chairman Howard Bernard Culang sold 10,804 shares of Radian Group stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.45, for a total value of $339,785.80. Following the completion of the transaction, the chairman now directly owns 8,050 shares of the company’s stock, valued at approximately $253,172.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 5,895 shares of Radian Group stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $31.80, for a total transaction of $187,461.00. Following the completion of the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at $636,254.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,004 shares of company stock valued at $3,651,517. Corporate insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Ellsworth Advisors LLC lifted its holdings in shares of Radian Group by 2.4% in the 4th quarter. Ellsworth Advisors LLC now owns 15,716 shares of the insurance provider’s stock worth $449,000 after acquiring an additional 372 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Radian Group by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,318 shares of the insurance provider’s stock valued at $780,000 after buying an additional 389 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in Radian Group by 2.2% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock valued at $698,000 after buying an additional 453 shares in the last quarter. Arizona State Retirement System lifted its holdings in Radian Group by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 44,518 shares of the insurance provider’s stock valued at $1,118,000 after buying an additional 466 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. lifted its holdings in Radian Group by 6.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock valued at $250,000 after buying an additional 470 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Company Profile

(Get Free Report)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.

Further Reading

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