Radian Group (NYSE:RDN) PT Raised to $39.00

Radian Group (NYSE:RDN) had its target price hoisted by Keefe, Bruyette & Woods from $36.00 to $39.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

A number of other equities research analysts have also recently commented on the company. Roth Mkm raised their target price on Radian Group from $35.00 to $40.00 and gave the company a buy rating in a research report on Friday, August 2nd. Barclays boosted their price objective on Radian Group from $30.00 to $32.00 and gave the company an equal weight rating in a research report on Friday, August 2nd. UBS Group increased their target price on Radian Group from $30.00 to $31.50 and gave the company a neutral rating in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada boosted their price target on shares of Radian Group from $32.00 to $37.00 and gave the stock a sector perform rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $35.90.

Radian Group Stock Performance

Shares of NYSE RDN opened at $34.10 on Monday. Radian Group has a 1 year low of $24.56 and a 1 year high of $37.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 0.41. The company’s fifty day moving average price is $32.66 and its 200 day moving average price is $31.09. The company has a market capitalization of $5.13 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th were issued a $0.245 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.98 dividend on an annualized basis and a yield of 2.87%. Radian Group’s payout ratio is currently 25.93%.

Insiders Place Their Bets

In other news, insider Derek Brummer sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares of the company’s stock, valued at $6,830,660.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Radian Group news, Director Noel Joseph Spiegel sold 5,895 shares of Radian Group stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total transaction of $187,461.00. Following the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at $636,254.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Brummer sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 in the company, valued at $6,830,660.59. The disclosure for this sale can be found here. Insiders have sold a total of 117,004 shares of company stock valued at $3,651,517 in the last 90 days. 2.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Radian Group

Large investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its holdings in shares of Radian Group by 145.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 557 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 1,160 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Radian Group during the fourth quarter worth $46,000. CWM LLC raised its stake in shares of Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 1,679 shares in the last quarter. Finally, AXS Investments LLC acquired a new stake in shares of Radian Group in the fourth quarter valued at $66,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.