Radian Group (NYSE:RDN) Given New $36.00 Price Target at UBS Group

Radian Group (NYSE:RDN) had its target price increased by UBS Group from $34.00 to $36.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $38.00 price target (up from $37.00) on shares of Radian Group in a research note on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and an average price target of $36.80.

Radian Group Stock Performance

Shares of RDN opened at $33.88 on Monday. Radian Group has a one year low of $29.32 and a one year high of $37.86. The company has a 50-day simple moving average of $32.08 and a two-hundred day simple moving average of $32.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The firm has a market capitalization of $4.78 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, analysts anticipate that Radian Group will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is currently 25.95%.

Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management raised its holdings in shares of Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares during the last quarter. Covestor Ltd raised its stake in Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock valued at $43,000 after buying an additional 355 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after buying an additional 2,119 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

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.