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

Radian Group Inc. (NYSE:RDN - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $37.17.

Several equities analysts recently issued reports on RDN shares. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Barclays boosted their price objective on Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday. Keefe, Bruyette & Woods cut Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price for the company. in a research note on Monday, July 7th. Finally, UBS Group lifted their target price on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Monday, May 5th.

Radian Group Price Performance

Shares of RDN opened at $33.80 on Friday. The business has a 50-day moving average of $34.50 and a 200-day moving average of $33.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 8.60 and a beta of 0.72. Radian Group has a 1 year low of $29.32 and a 1 year high of $37.86.

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. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The firm had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. During the same quarter last year, the business earned $1.03 EPS. The company's revenue was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Radian Group will post 3.79 earnings per share for the current year.

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

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Monday, June 2nd. Radian Group's payout ratio is 25.95%.

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 30,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.30, for a total transaction of $999,000.00. Following the transaction, the executive vice president owned 13,957 shares in the company, valued at approximately $464,768.10. This represents a 68.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward J. Hoffman sold 20,000 shares of Radian Group stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.00, for a total transaction of $720,000.00. Following the transaction, the executive vice president owned 161,586 shares of the company's stock, valued at $5,817,096. This represents a 11.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,378 shares of company stock valued at $2,944,414. Company insiders own 2.01% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RDN. Allspring Global Investments Holdings LLC grew its position in Radian Group by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,780 shares of the insurance provider's stock worth $489,000 after purchasing an additional 5,182 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Radian Group in the fourth quarter valued at approximately $409,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Radian Group by 11.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,369 shares of the insurance provider's stock valued at $3,983,000 after acquiring an additional 12,498 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Radian Group by 3,667.5% during the first quarter. GAMMA Investing LLC now owns 243,494 shares of the insurance provider's stock worth $7,363,000 after acquiring an additional 237,031 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock valued at $16,205,000 after purchasing an additional 25,500 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

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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