Radian Group Inc. (NYSE:RDN) Given Consensus Recommendation of “Hold” by Brokerages

by · The Cerbat Gem

Shares of Radian Group Inc. (NYSE:RDN – Get Free Report) have been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $36.83.

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $38.00 price objective (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Finally, UBS Group boosted their price objective on Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 5th.

Read Our Latest Report on Radian Group

Radian Group Price Performance

NYSE RDN opened at $34.93 on Tuesday. The company has a market capitalization of $4.69 billion, a PE ratio of 8.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The business’s fifty day moving average is $33.33 and its 200 day moving average is $32.81. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The firm had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. During the same quarter last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts predict that Radian Group will post 3.79 earnings per share for the current year.

Radian Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Monday, June 2nd. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $33.72, for a total value of $337,200.00. Following the completion of the transaction, the executive vice president now owns 201,586 shares in the company, valued at approximately $6,797,479.92. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric Ray sold 30,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the sale, the executive vice president now owns 13,957 shares in the company, valued at $464,768.10. The trade was a 68.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,378 shares of company stock valued at $2,224,414. 2.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Radian Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Radian Group by 191.3% during the first 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 during the period. Picton Mahoney Asset Management boosted its holdings in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 342 shares during the period. V Square Quantitative Management LLC grew its position in Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 485 shares during the last quarter. Covestor Ltd grew its holdings in shares of Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after buying an additional 1,320 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

(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.

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