Brokerages Set Radian Group Inc. (NYSE:RDN) Target Price at $36.80

Shares of Radian Group Inc. (NYSE:RDN - Get Free Report) have received an average rating of "Hold" from the six brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $36.83.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $38.00 target price (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, UBS Group raised their target price on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, May 5th.

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now owns 344 shares of the company's stock, valued at approximately $11,231.60. The trade was a 92.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.01% of the company's stock.

Hedge Funds Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in shares of Radian Group by 191.3% during the first 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 period. Picton Mahoney Asset Management raised its position in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC increased its position in Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 485 shares during the period. Covestor Ltd raised its position in Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after purchasing an additional 355 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after purchasing an additional 1,320 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

Radian Group Stock Performance

Shares of NYSE RDN traded down $0.07 during trading on Friday, reaching $34.11. The stock had a trading volume of 268,292 shares, compared to its average volume of 1,216,484. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group has a one year low of $29.32 and a one year high of $37.86. The firm's 50 day moving average price is $32.73 and its two-hundred day moving average price is $32.91. The stock has a market cap of $4.58 billion, a PE ratio of 8.67, a P/E/G ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $318.11 million during the quarter, compared to analysts' expectations of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. On average, research analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group announced that its board has authorized a share repurchase program on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Monday, June 2nd. Radian Group's dividend payout ratio is currently 25.95%.

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.