Radian Group Inc. (NYSE:RDN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Radian Group Inc. (NYSE:RDN) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $36.83.

A number of research firms have recently issued reports on RDN. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $38.00 price objective (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group boosted their target price on Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $34.00, for a total transaction of $340,000.00. Following the transaction, the executive vice president now owns 191,586 shares in the company, valued at approximately $6,513,924. This represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 5,105 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.66, for a total value of $171,834.30. Following the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at approximately $673,469.28. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,378 shares of company stock valued at $2,224,414 in the last 90 days. Insiders own 2.01% of the company’s stock.

Institutional Trading of Radian Group

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the period. Picton Mahoney Asset Management raised its holdings in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 342 shares during the period. V Square Quantitative Management LLC raised its holdings in Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the period. Covestor Ltd raised its holdings in Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the period. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

Shares of RDN opened at $34.51 on Tuesday. The firm has a market cap of $4.64 billion, a PE ratio of 8.78, a PEG ratio of 1.73 and a beta of 0.71. Radian Group has a 1 year low of $29.32 and a 1 year high of $37.86. 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 stock’s fifty day moving average price is $33.14 and its two-hundred day moving average price is $32.82.

Radian Group (NYSE:RDN) last announced 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. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The company had revenue of $318.11 million during the quarter, compared to analysts’ expectations of $326.99 million. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Radian Group will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group’s payout ratio is 25.95%.

Radian Group declared that its board has approved a share repurchase plan on Wednesday, May 21st that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to reacquire up to 16.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.