Radian Group (NYSE:RDN) Given New $39.00 Price Target at UBS Group

Radian Group (NYSE:RDN) had its target price trimmed by UBS Group from $41.00 to $39.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Roth Mkm reiterated a “buy” rating and issued a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $42.00 in a research note on Wednesday, February 11th. Finally, Barclays set a $40.00 price objective on Radian Group in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Radian Group Trading Up 1.4%

Shares of NYSE RDN opened at $33.07 on Thursday. Radian Group has a 1-year low of $29.32 and a 1-year 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 business’s 50 day moving average is $33.74 and its two-hundred day moving average is $34.63. The stock has a market capitalization of $4.51 billion, a P/E ratio of 7.97, a PEG ratio of 1.76 and a beta of 0.80.

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

Radian Group Announces Dividend

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 3.1%. Radian Group’s payout ratio is presently 24.58%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Radian Group by 178.9% during the third 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 during the period. Financial Consulate Inc. bought a new stake in shares of Radian Group in the third quarter valued at about $29,000. Bessemer Group Inc. lifted its stake in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 318 shares during the period. V Square Quantitative Management LLC bought a new position in Radian Group during the 4th quarter worth about $29,000. Finally, Geneos Wealth Management Inc. grew its holdings in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other 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.