Roth Mkm Boosts Radian Group (NYSE:RDN) Price Target to $40.00

Radian Group (NYSE:RDN) had its target price raised by Roth Mkm from $35.00 to $40.00 in a research report report published on Friday morning, Benzinga reports. Roth Mkm currently has a buy rating on the insurance provider’s stock.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods upgraded shares of Radian Group from a market perform rating to an outperform rating and lifted their price target for the company from $35.00 to $36.00 in a report on Monday, June 3rd. UBS Group lifted their price target on shares of Radian Group from $30.00 to $31.50 and gave the company a neutral rating in a report on Wednesday, May 22nd. Finally, Barclays lifted their price target on shares of Radian Group from $30.00 to $32.00 and gave the company an equal weight rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $35.90.

Radian Group Trading Down 3.4 %

Shares of Radian Group stock traded down $1.20 on Friday, hitting $33.74. The stock had a trading volume of 390,235 shares, compared to its average volume of 1,070,876. The company has a quick ratio of 1.80, a current ratio of 0.41 and a debt-to-equity ratio of 0.45. Radian Group has a one year low of $24.56 and a one year high of $37.86. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.98 and a beta of 1.05. The stock’s 50-day simple moving average is $32.42 and its two-hundred day simple moving average is $30.98.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Tuesday, June 4th. Radian Group’s dividend payout ratio is presently 25.93%.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the completion of the transaction, the insider now owns 218,023 shares of the company’s stock, valued at approximately $6,830,660.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Radian Group news, insider Derek Brummer sold 35,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the completion of the transaction, the insider now owns 218,023 shares of the company’s stock, valued at approximately $6,830,660.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Eric Ray sold 65,305 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $31.05, for a total value of $2,027,720.25. Following the sale, the executive vice president now owns 53,791 shares of the company’s stock, valued at $1,670,210.55. The disclosure for this sale can be found here. Insiders sold a total of 117,004 shares of company stock valued at $3,651,517 in the last quarter. 2.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Radian Group

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Radian Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after acquiring an additional 69,383 shares during the period. LSV Asset Management grew its stake in shares of Radian Group by 0.8% during the 1st quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after acquiring an additional 52,397 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Radian Group by 17.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock valued at $114,552,000 after acquiring an additional 594,752 shares during the period. Bank of New York Mellon Corp boosted its stake in Radian Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider’s stock worth $59,936,000 after purchasing an additional 6,588 shares during the period. Finally, Norges Bank bought a new position in Radian Group in the 4th quarter worth approximately $53,792,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Company Profile

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.