Radian Group Inc. (NYSE:RDN) Receives $40.00 Consensus Target Price from Analysts

Radian Group Inc. (NYSE:RDN) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $40.00.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Roth Mkm reiterated a “buy” rating and set a $45.00 target price on shares of Radian Group in a research report on Friday, January 2nd. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. UBS Group lowered their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th.

Radian Group Trading Down 0.7%

Shares of RDN stock opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. Radian Group has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a market capitalization of $4.55 billion, a PE ratio of 8.37 and a beta of 0.81. The business’s fifty day moving average is $34.80 and its 200 day moving average is $34.69.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.02 annualized dividend and a yield of 3.0%. Radian Group’s payout ratio is 25.44%.

Insider Activity

In other news, EVP Eric Ray sold 13,957 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.01% of the company’s stock.

Institutional Investors Weigh In On Radian Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Radian Group by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after acquiring an additional 427,473 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Radian Group by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 5,443,201 shares of the insurance provider’s stock valued at $197,155,000 after purchasing an additional 177,144 shares during the period. American Century Companies Inc. grew its holdings in shares of Radian Group by 4.4% in the third quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after purchasing an additional 171,049 shares during the last quarter. Norges Bank purchased a new position in shares of Radian Group in the second quarter worth $85,785,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Radian Group during the 2nd quarter valued at $69,714,000. Institutional investors own 95.33% of the company’s stock.

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.