Brokerages Set Radian Group Inc. (NYSE:RDN) PT at $40.20

Shares of Radian Group Inc. (NYSE:RDN) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $40.20.

Several brokerages recently issued reports on RDN. UBS Group dropped their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Keefe, Bruyette & Woods boosted their target price on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Barclays dropped their target price on Radian Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Finally, Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 13,009 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $35.00, for a total value of $455,315.00. Following the sale, the executive vice president owned 138,708 shares in the company, valued at $4,854,780. This represents a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Radian Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $27,000 after buying an additional 476 shares in the last quarter. Financial Consulate Inc. purchased a new stake in Radian Group in the 3rd quarter valued at approximately $29,000. Bessemer Group Inc. lifted its stake in Radian Group by 66.7% in 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 in the last quarter. V Square Quantitative Management LLC purchased a new stake in Radian Group in the 4th quarter valued at approximately $29,000. Finally, Geneos Wealth Management Inc. lifted its stake in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Up 1.1%

Radian Group stock opened at $35.97 on Tuesday. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market capitalization of $4.85 billion, a P/E ratio of 8.67, a PEG ratio of 1.92 and a beta of 0.77. The stock has a 50-day simple moving average of $33.80 and a 200-day simple moving average of $34.30.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Equities research analysts expect that Radian Group will post 4.72 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a $0.255 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. Radian Group’s dividend payout ratio is currently 24.58%.

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.