Brokerages Set Radian Group Inc. (NYSE:RDN) Target Price at $29.80

Shares of Radian Group Inc. (NYSE:RDN - Get Free Report) have earned a consensus recommendation of "Hold" from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.80.

A number of brokerages have weighed in on RDN. UBS Group began coverage on Radian Group in a report on Wednesday, December 6th. They issued a "neutral" rating and a $28.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $35.00 target price (down previously from $36.00) on shares of Radian Group in a report on Thursday.

Radian Group Stock Performance

NYSE RDN traded down $1.61 during trading on Thursday, reaching $31.14. 1,727,908 shares of the company's stock were exchanged, compared to its average volume of 1,386,854. The business has a 50 day moving average price of $29.94 and a 200-day moving average price of $27.87. The stock has a market capitalization of $4.72 billion, a P/E ratio of 8.24, a PEG ratio of 2.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. Radian Group has a fifty-two week low of $21.71 and a fifty-two week high of $33.69.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.10. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The company had revenue of $328.64 million during the quarter, compared to analysts' expectations of $319.04 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Radian Group will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from Radian Group's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group's dividend payout ratio is presently 25.93%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Radian Group by 14.7% in the 4th quarter. Wellington Management Group LLP now owns 340,225 shares of the insurance provider's stock valued at $9,713,000 after acquiring an additional 43,538 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Radian Group by 12.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 692,316 shares of the insurance provider's stock worth $19,766,000 after purchasing an additional 74,782 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Radian Group during the 4th quarter worth $411,000. Mercer Global Advisors Inc. ADV raised its position in Radian Group by 5.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,452 shares of the insurance provider's stock worth $413,000 after purchasing an additional 741 shares during the last quarter. Finally, Virtus Fund Advisers LLC bought a new position in Radian Group during the 4th quarter worth $48,000. 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.