Radian Group (NYSE:RDN) Price Target Raised to $41.00 at Keefe, Bruyette & Woods

Radian Group (NYSE:RDN) had its price objective increased by Keefe, Bruyette & Woods from $40.00 to $41.00 in a report released on Thursday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

RDN has been the subject of a number of other research reports. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Barclays raised their price target on Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (a-)” rating on shares of Radian Group in a report on Monday. Finally, UBS Group dropped their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.75.

Radian Group Stock Up 1.3%

Shares of NYSE RDN opened at $36.95 on Thursday. Radian Group has a 12-month low of $29.32 and a 12-month high of $38.84. The business’s fifty day simple moving average is $34.70 and its 200-day simple moving average is $34.75. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.01 billion, a P/E ratio of 9.21 and a beta of 0.83.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. As a group, equities analysts predict that Radian Group will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, November 24th. Radian Group’s dividend payout ratio is presently 25.44%.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.01% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the period. Financial Consulate Inc. acquired a new position in shares of Radian Group in the 3rd quarter valued at about $29,000. Bessemer Group Inc. boosted its stake in shares of Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares during the period. Geneos Wealth Management Inc. increased its position in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Radian Group in the third quarter worth approximately $33,000. 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.