Radian Group Inc. (NYSE:RDN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Radian Group Inc. (NYSE:RDN - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $38.00.

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A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Radian Group from $43.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, October 15th. Zacks Research upgraded Radian Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Barclays increased their price objective on Radian Group from $35.00 to $37.00 and gave the stock a "cautious" rating in a research note on Monday, October 6th. Finally, Weiss Ratings raised Radian Group from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday.

View Our Latest Report on Radian Group

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the transaction, the executive vice president directly owned 153,708 shares of the company's stock, valued at $5,687,196. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is owned by insiders.

Institutional Trading of Radian Group

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock worth $27,000 after purchasing an additional 476 shares during the period. Financial Consulate Inc. bought a new stake in Radian Group in the third quarter worth about $29,000. Bessemer Group Inc. boosted its stake in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 318 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock worth $29,000 after purchasing an additional 572 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Radian Group in the 3rd quarter worth approximately $33,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Trading Up 1.1%

Shares of RDN stock traded up $0.40 on Friday, hitting $35.34. The company had a trading volume of 817,488 shares, compared to its average volume of 1,298,509. The stock's 50-day moving average is $34.73 and its two-hundred day moving average is $34.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $4.79 billion, a P/E ratio of 8.90 and a beta of 0.81. Radian Group has a twelve month low of $29.32 and a twelve month high of $38.84.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. The company had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. On average, equities research analysts anticipate that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a $0.255 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group's dividend payout ratio is presently 25.44%.

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.

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