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

Shares of Radian Group Inc. (NYSE:RDN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $36.80.

A number of research analysts have recently weighed in on the company. Compass Point cut Radian Group from a "buy" rating to a "neutral" rating in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $38.00 price objective (up from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Finally, UBS Group lifted their price objective on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 5th.

Insider Activity

In other 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 transaction of $133,865.00. Following the sale, the director now owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.01% of the company's stock.

Institutional Investors Weigh In On Radian Group

Several institutional investors and hedge funds have recently modified their holdings of RDN. Geneos Wealth Management Inc. increased its position in Radian Group by 191.3% in 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 last quarter. Intech Investment Management LLC increased its position in Radian Group by 10.3% in the first quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider's stock worth $2,283,000 after purchasing an additional 6,429 shares during the last quarter. Jane Street Group LLC increased its position in Radian Group by 11,446.4% in the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock worth $43,339,000 after purchasing an additional 1,299,167 shares during the last quarter. United Services Automobile Association bought a new stake in Radian Group in the first quarter worth $326,000. Finally, Caxton Associates LLP bought a new stake in Radian Group in the first quarter worth $2,451,000. Institutional investors own 95.33% of the company's stock.

Radian Group Trading Up 1.8%

Radian Group stock opened at $33.67 on Friday. The business has a 50-day simple moving average of $32.61 and a two-hundred day simple moving average of $32.91. The company has a market cap of $4.52 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.73 and a beta of 0.71. Radian Group has a 52-week low of $29.32 and a 52-week high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

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, beating analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Analysts predict that Radian Group will post 3.79 EPS for the current year.

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 3.03%. The ex-dividend date is Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is currently 25.95%.

Radian Group announced that its board has initiated a stock repurchase plan on Wednesday, May 21st that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.