Radian Group Inc. (NYSE:RDN) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Radian Group Inc. has received a consensus rating of “Moderate Buy” from six analysts, with an average 12-month price target of $37.00.
• In the latest quarterly results, Radian reported an EPS of $1.01, exceeding the estimate of $0.93, although revenue decreased by 0.9% year-over-year.
• The company announced a quarterly dividend of $0.255, reflecting an annualized dividend yield of 2.9%.

Radian Group Inc. (NYSE:RDN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.00.

Several brokerages have recently weighed in on RDN. Zacks Research upgraded shares of Radian Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Radian Group in a report on Saturday, September 27th. Barclays increased 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 report on Tuesday, July 8th. Keefe, Bruyette & Woods lowered Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a research report on Monday, July 7th. Finally, UBS Group restated a "neutral" rating and set a $38.00 target price (up previously from $36.00) on shares of Radian Group in a report on Monday, July 14th.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the executive vice president owned 153,708 shares in the company, valued at approximately $5,687,196. This represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 572 shares during the period. Headlands Technologies LLC bought a new position in Radian Group during the 2nd quarter valued at about $50,000. EverSource Wealth Advisors LLC increased its position in Radian Group by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider's stock valued at $67,000 after acquiring an additional 901 shares in the last quarter. Allworth Financial LP grew its position in shares of Radian Group by 1,049.7% during the 2nd quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider's stock worth $68,000 after buying an additional 1,732 shares during the period. Finally, Covestor Ltd grew its position in shares of Radian Group by 42.6% during the 1st quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock worth $64,000 after buying an additional 576 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Radian Group Price Performance

Shares of NYSE:RDN traded down $0.16 during midday trading on Friday, hitting $34.85. The company's stock had a trading volume of 1,051,867 shares, compared to its average volume of 1,209,876. The business's 50 day simple moving average is $34.90 and its 200 day simple moving average is $34.03. The company has a market cap of $4.72 billion, a P/E ratio of 8.78 and a beta of 0.73. Radian Group has a 12-month low of $29.32 and a 12-month high of $38.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The business had revenue of $318.00 million during the quarter, compared to the consensus estimate of $321.97 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company's quarterly revenue was down .9% compared to the same quarter last year. On average, analysts forecast that Radian Group will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group's payout ratio is presently 25.69%.

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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