Radian Group Inc. (NYSE:RDN) Receives $40.80 Consensus Target Price from Analysts

Radian Group Inc. (NYSE:RDN) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $40.80.

A number of brokerages have commented on RDN. Roth Mkm reissued a “buy” rating and set a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Barclays set a $40.00 price target on shares of Radian Group in a research note on Monday, February 23rd. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $42.00 in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th.

Radian Group Stock Up 0.7%

NYSE RDN opened at $34.69 on Monday. The stock’s 50 day simple moving average is $34.08 and its 200 day simple moving average is $34.69. Radian Group has a one year low of $29.32 and a one year high of $38.84. The firm has a market cap of $4.73 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The company had revenue of $300.51 million for the quarter, compared to analyst estimates of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, sell-side analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio is presently 24.58%.

Hedge Funds Weigh In On Radian Group

Several large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its holdings in Radian Group by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Radian Group by 16.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 310 shares during the period. Bessemer Group Inc. increased its holdings in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 318 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Radian Group by 26.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after buying an additional 329 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Radian Group by 14.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after buying an additional 344 shares during the last quarter. 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.