Radian Group Inc. (NYSE:RDN) Stock Rated “Moderate Buy” by Sell-Side Analysts

Radian Group Inc. (NYSE:RDN) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.00.

RDN has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, September 11th. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Barclays lowered their target price on Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Keefe, Bruyette & Woods dropped their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Finally, BTIG Research started coverage on Radian Group in a research note on Tuesday. They issued a “buy” rating and a $48.00 price target on the stock.

Radian Group Trading Down 3.0%

NYSE:RDN opened at $33.51 on Friday. Radian Group has a 12 month low of $31.50 and a 12 month high of $41.05. The business’s 50-day moving average is $36.90 and its two-hundred day moving average is $35.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $4.43 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s quarterly revenue was up 92.3% compared to the same quarter last year. Research analysts predict that Radian Group will post 4.86 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were given a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, August 24th. Radian Group’s dividend payout ratio is presently 26.22%.

Insider Activity at Radian Group

In other news, EVP Meghan Bartholomew sold 7,812 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $35.94, for a total transaction of $280,763.28. Following the completion of the sale, the executive vice president owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This trade represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.03% of the company’s stock.

Institutional Trading of Radian Group

Several institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG bought a new stake in Radian Group in the second quarter valued at about $13,071,000. Corient Private Wealth LP bought a new position in Radian Group during the 2nd quarter worth approximately $1,099,000. Fifth Third Bancorp grew its position in shares of Radian Group by 17,199.1% in the 1st quarter. Fifth Third Bancorp now owns 156,903 shares of the insurance provider’s stock worth $5,190,000 after acquiring an additional 155,996 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Radian Group in the 2nd quarter worth approximately $2,801,000. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Radian Group by 331.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 94,867 shares of the insurance provider’s stock valued at $3,414,000 after acquiring an additional 72,867 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

About Radian Group

Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.

Radian’s mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.