Analysts Set Radian Group Inc. (NYSE:RDN) Target Price at $30.00

Shares of Radian Group Inc. (NYSE:RDN) have been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.00.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 target price (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th.

Institutional Investors Weigh In On Radian Group

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Radian Group in the 3rd quarter valued at approximately $1,483,000. Exchange Traded Concepts LLC bought a new position in Radian Group in the 3rd quarter valued at about $676,000. Cambridge Investment Research Advisors Inc. acquired a new position in Radian Group during the 3rd quarter valued at about $255,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Radian Group by 117.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider’s stock worth $42,556,000 after acquiring an additional 914,046 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Radian Group by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,304 shares of the insurance provider’s stock valued at $535,000 after acquiring an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of NYSE RDN opened at $30.17 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. Radian Group has a twelve month low of $22.93 and a twelve month high of $33.69. The business has a 50 day simple moving average of $30.66 and a 200-day simple moving average of $28.47.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Radian Group will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a $0.245 dividend. The ex-dividend date was Friday, February 23rd. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 3.25%. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

About Radian Group

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.