Brokerages Set Radian Group Inc. (NYSE:RDN) Target Price at $36.83

Shares of Radian Group Inc. (NYSE:RDN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.83.

Several analysts have recently weighed in on the stock. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. UBS Group increased their price target on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd.

Radian Group Price Performance

RDN stock traded up $0.10 during trading on Tuesday, hitting $34.79. The company had a trading volume of 774,481 shares, compared to its average volume of 1,247,142. The company has a fifty day moving average price of $33.28 and a two-hundred day moving average price of $32.83. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.67 billion, a P/E ratio of 8.86 and a beta of 0.71. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. Equities research analysts expect that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.93%. Radian Group's payout ratio is 25.95%.

Radian Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 21st that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel sold 5,105 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.66, for a total value of $171,834.30. Following the completion of the sale, the director now directly owns 20,008 shares of the company's stock, valued at $673,469.28. This represents a 20.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eric Ray sold 30,000 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.30, for a total transaction of $999,000.00. Following the transaction, the executive vice president now directly owns 13,957 shares in the company, valued at $464,768.10. The trade was a 68.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,378 shares of company stock valued at $2,224,414 over the last ninety days. Insiders own 2.01% of the company's stock.

Institutional Investors Weigh In On Radian Group

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its holdings in 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 buying an additional 572 shares during the period. Picton Mahoney Asset Management increased its holdings in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after purchasing an additional 485 shares in the last quarter. Covestor Ltd raised its stake in shares of Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 355 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares in the last quarter. Institutional investors and hedge funds 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.