Radian Group (NYSE:RDN) Given New $37.00 Price Target at Barclays

Radian Group (NYSE:RDN) had its price target trimmed by Barclays from $40.00 to $37.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the insurance provider’s stock.

A number of other equities research analysts have also recently commented on RDN. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. UBS Group lowered their price target on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Radian Group presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Radian Group Trading Up 0.9%

RDN opened at $33.97 on Monday. 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 has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The firm has a market capitalization of $4.63 billion, a PE ratio of 8.18, a P/E/G ratio of 1.82 and a beta of 0.77. The company’s 50-day moving average is $33.39 and its 200 day moving average is $34.39.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $300.51 million during the quarter, compared to the consensus estimate 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 for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, research analysts predict that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

Institutional Trading of Radian Group

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in Radian Group by 178.9% in the 3rd 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. purchased a new position in Radian Group in the 3rd quarter worth $29,000. Bessemer Group Inc. raised its position in Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the period. V Square Quantitative Management LLC purchased a new position in Radian Group in the 4th quarter worth $29,000. Finally, Geneos Wealth Management Inc. raised 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 period. 95.33% of the stock is owned by institutional investors.

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.