Radian Group Inc. (NYSE:RDN) Receives Average Recommendation of “Hold” from Brokerages

Radian Group Inc. (NYSE:RDN) has been given an average recommendation of “Hold” by the five analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $35.90.

A number of research firms have recently issued reports on RDN. Barclays increased their price objective on shares of Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Roth Mkm increased their price objective on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Radian Group Price Performance

Shares of RDN stock opened at $34.55 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $5.20 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.89 and a beta of 1.05. The company’s 50-day simple moving average is $35.17 and its two-hundred day simple moving average is $32.65. Radian Group has a one year low of $24.56 and a one year high of $37.86.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $312.37 million for the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. As a group, equities analysts anticipate that Radian Group will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.84%. Radian Group’s payout ratio is 25.93%.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Radian Group news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Mary Dickerson sold 19,511 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. Insiders sold 119,772 shares of company stock valued at $4,260,796 over the last 90 days. Insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RDN. Fifth Third Bancorp raised its holdings 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 buying an additional 1,160 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Radian Group in the fourth quarter worth $46,000. Hexagon Capital Partners LLC raised its holdings in shares of Radian Group by 75.3% in the first quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after buying an additional 709 shares during the last quarter. CWM LLC raised its holdings 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 worth $62,000 after buying an additional 1,679 shares during the last quarter. Finally, AXS Investments LLC acquired a new stake in shares of Radian Group in the fourth quarter worth $66,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.