Radian Group Inc. (NYSE:RDN) Receives Average Rating of "Hold" from Analysts

Radian Group Inc. (NYSE:RDN - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $37.50.

RDN has been the topic of a number of recent research reports. Barclays upped their price target on shares of Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. UBS Group restated a "neutral" rating and issued a $38.00 price target (up from $36.00) on shares of Radian Group in a report on Monday. Keefe, Bruyette & Woods cut shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a report on Monday, July 7th. Finally, Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd.

Radian Group Stock Performance

Shares of RDN stock traded down $0.67 during trading on Friday, reaching $33.68. 729,521 shares of the company's stock traded hands, compared to its average volume of 1,286,174. The company has a market capitalization of $4.52 billion, a P/E ratio of 8.57 and a beta of 0.72. 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 firm's 50-day moving average is $34.50 and its 200 day moving average is $33.11. 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 data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The business had revenue of $318.11 million during the quarter, compared to analysts' expectations of $326.99 million. During the same quarter last year, the business posted $1.03 EPS. The business's revenue was down .4% on a year-over-year basis. Equities research analysts expect that Radian Group will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a dividend of $0.255 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.02 annualized dividend and a yield of 3.03%. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Radian Group declared that its board has authorized a stock repurchase plan on Wednesday, May 21st that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Radian Group news, Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.45, for a total transaction of $83,625.00. Following the sale, the director directly owned 22,329 shares in the company, valued at $746,905.05. The trade was a 10.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Ray sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the transaction, the executive vice president owned 13,957 shares of the company's stock, valued at $464,768.10. This represents a 68.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,378 shares of company stock worth $2,944,414. 2.16% of the stock is owned by insiders.

Institutional Trading of Radian Group

A number of hedge funds have recently modified their holdings of RDN. Jones Financial Companies Lllp lifted its holdings in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after acquiring an additional 2,119 shares in the last quarter. Victory Capital Management Inc. increased its position in Radian Group by 1.8% during the fourth quarter. Victory Capital Management Inc. now owns 84,616 shares of the insurance provider's stock worth $2,684,000 after buying an additional 1,517 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Radian Group during the fourth quarter worth approximately $4,872,000. Amundi grew its position in shares of Radian Group by 186.5% in the fourth quarter. Amundi now owns 77,075 shares of the insurance provider's stock valued at $2,439,000 after purchasing an additional 50,171 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Radian Group by 24.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,293 shares of the insurance provider's stock valued at $1,246,000 after purchasing an additional 7,823 shares during the last quarter. Institutional investors 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.