Radian Group Inc. (NYSE:RDN) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Radian Group Inc. (NYSE:RDN – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $38.00.

A number of analysts have commented on RDN shares. UBS Group cut their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a report on Monday. Finally, Barclays boosted their price objective on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th.

Read Our Latest Research Report on RDN

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the sale, the executive vice president owned 153,708 shares of the company’s stock, valued at $5,687,196. This represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RDN. Northwestern Mutual Wealth Management Co. increased its stake in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 476 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Radian Group by 66.7% during 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. Financial Consulate Inc. acquired a new stake in shares of Radian Group during the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. increased its position in shares of 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 purchasing an additional 572 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Radian Group in the 3rd quarter valued at about $33,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Shares of RDN opened at $36.19 on Wednesday. Radian Group has a 52-week low of $29.32 and a 52-week high of $38.84. The stock has a market cap of $4.90 billion, a PE ratio of 9.02 and a beta of 0.83. The firm’s fifty day moving average is $34.59 and its two-hundred day moving average is $34.72. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24.

Radian Group (NYSE:RDN – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.20. The firm had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. Research analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, November 24th. Radian Group’s payout ratio is currently 25.44%.

About Radian Group

(Get Free Report)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.

Featured Articles