Radian Group (NYSE:RDN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Radian Group Inc. (NYSE:RDN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.91 and traded as high as $36.53. Radian Group shares last traded at $36.3040, with a volume of 469,453 shares trading hands.

Analyst Ratings Changes

Several research firms have commented on RDN. Keefe, Bruyette & Woods raised their target price on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Barclays boosted their target price on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Monday, December 22nd. Finally, UBS Group lowered their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Radian Group presently has a consensus rating of “Moderate Buy” and an average target price of $38.75.

Radian Group Stock Down 0.4%

The stock has a market capitalization of $4.92 billion, a P/E ratio of 9.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s fifty day moving average is $35.15 and its two-hundred day moving average is $34.91.

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

Radian Group Dividend Announcement

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

Insider Buying and Selling at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of Radian Group stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RDN. Tudor Investment Corp ET AL increased its position in shares of Radian Group by 274.3% in the third quarter. Tudor Investment Corp ET AL now owns 91,912 shares of the insurance provider’s stock worth $3,329,000 after acquiring an additional 67,357 shares in the last quarter. Allworth Financial LP boosted its stake in Radian Group by 31.7% in the 3rd quarter. Allworth Financial LP now owns 2,498 shares of the insurance provider’s stock worth $90,000 after purchasing an additional 601 shares during the period. Swiss Life Asset Management Ltd purchased a new position in Radian Group during the 3rd quarter worth approximately $232,000. Prana Capital Management LP acquired a new stake in Radian Group during the 3rd quarter valued at $1,979,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Radian Group in the third quarter valued at $524,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.