Brokerages Set Radian Group Inc. (NYSE:RDN) Price Target at $40.60

Radian Group Inc. (NYSE:RDN) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $40.60.

RDN has been the subject of several recent research reports. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Roth Mkm restated a “buy” rating and set a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. UBS Group cut their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Barclays set a $40.00 target price on Radian Group in a research report on Monday, February 23rd.

Institutional Trading of Radian Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in Radian Group by 3.1% in the fourth quarter. Corient Private Wealth LLC now owns 21,249 shares of the insurance provider’s stock worth $765,000 after purchasing an additional 647 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Radian Group by 23.1% during the fourth quarter. Hsbc Holdings PLC now owns 90,154 shares of the insurance provider’s stock valued at $3,256,000 after purchasing an additional 16,895 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in Radian Group by 37.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 57,009 shares of the insurance provider’s stock valued at $1,876,000 after purchasing an additional 15,438 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Radian Group by 172.6% during the 4th quarter. Mackenzie Financial Corp now owns 26,647 shares of the insurance provider’s stock worth $965,000 after buying an additional 16,871 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Radian Group by 64.3% in the 4th quarter. NewEdge Advisors LLC now owns 17,564 shares of the insurance provider’s stock valued at $632,000 after buying an additional 6,876 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $32.59 on Friday. The company’s fifty day moving average is $33.37 and its two-hundred day moving average is $34.47. Radian Group has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 1.76 and a beta of 0.79.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business had revenue of $300.51 million during the quarter, compared to analyst estimates of $300.45 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that Radian Group will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 24.58%.

About Radian Group

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.