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

Shares of Radian Group Inc. (NYSE:RDN) have earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $43.14.

RDN has been the subject of several research reports. Weiss Ratings raised Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, September 28th. Barclays boosted their target price on Radian Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, October 5th. Wall Street Zen downgraded Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, BTIG Research assumed coverage on shares of Radian Group in a research note on Tuesday, September 22nd. They set a “buy” rating and a $48.00 price target for the company.

Radian Group Price Performance

Shares of RDN traded down $0.25 during mid-day trading on Tuesday, hitting $33.62. 87,569 shares of the company traded hands, compared to its average volume of 1,361,447. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.82 and a beta of 0.71. The business has a 50-day moving average of $35.49 and a 200 day moving average of $35.88. Radian Group has a one year low of $30.53 and a one year high of $41.05.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%. The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. During the same quarter last year, the firm earned $1.01 EPS. The business’s revenue for the quarter was up 92.3% on a year-over-year basis. As a group, equities analysts expect that Radian Group will post 4.88 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Meghan Bartholomew sold 7,812 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $35.94, for a total value of $280,763.28. Following the sale, the executive vice president directly owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This represents a 16.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RDN. IFP Advisors Inc lifted its position in Radian Group by 109.3% during the second quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 351 shares during the last quarter. Arizona State Retirement System grew its position in shares of Radian Group by 1.0% in the second quarter. Arizona State Retirement System now owns 37,602 shares of the insurance provider’s stock valued at $1,416,000 after purchasing an additional 387 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Radian Group by 4.1% in the third quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 462 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Radian Group by 67.3% during the first quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 518 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of Radian Group by 3.1% during the fourth quarter. Corient Private Wealth LLC now owns 21,249 shares of the insurance provider’s stock worth $765,000 after purchasing an additional 647 shares during the period. 95.33% of the stock is owned by institutional investors.

About Radian Group

Radian Group Inc (NYSE: RDN) is a financial services company focused on supporting homeownership and the U.S. residential real estate market. Its principal business is mortgage insurance, which helps protect lenders and investors against losses when borrowers default on certain residential mortgage loans. Through its mortgage insurance operations, Radian serves mortgage lenders, banks, credit unions and other housing-finance participants.

The company also provides services and technology intended to support the mortgage and homeownership lifecycle.