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

Radian Group Inc. (NYSE:RDN) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.1667.

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Weiss Ratings upgraded Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Royal Bank Of Canada started coverage on Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, Keefe, Bruyette & Woods decreased their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th.

Insider Activity at Radian Group

In other Radian Group news, CEO Michael S. Weinbach acquired 49,513 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $34.04 per share, with a total value of $1,685,422.52. Following the completion of the purchase, the chief executive officer owned 170,000 shares in the company, valued at $5,786,800. This trade represents a 41.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Radian Group during the 2nd quarter worth $728,072,000. California State Teachers Retirement System raised its position in Radian Group by 3,373.3% in the 2nd quarter. California State Teachers Retirement System now owns 5,899,951 shares of the insurance provider’s stock valued at $222,251,000 after purchasing an additional 5,730,083 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in shares of Radian Group in the 2nd quarter valued at about $163,104,000. Caisse de depot et placement du Quebec purchased a new position in shares of Radian Group in the 2nd quarter valued at about $89,334,000. Finally, Norges Bank acquired a new position in shares of Radian Group during the fourth quarter worth about $77,364,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $36.52 on Monday. The stock has a market cap of $4.83 billion, a PE ratio of 9.39, a P/E/G ratio of 0.88 and a beta of 0.72. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. Radian Group has a twelve month low of $31.50 and a twelve month high of $41.05. The stock has a fifty day simple moving average of $37.64 and a 200-day simple moving average of $35.65.

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

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. Radian Group’s dividend payout ratio is 26.22%.

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.