Keefe, Bruyette & Woods Reiterates "Market Perform" Rating for Radian Group (NYSE:RDN)

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Radian Group (NYSE:RDN - Free Report) in a research report report published on Monday morning,Benzinga reports. They currently have a $38.00 target price on the insurance provider's stock.

Other analysts have also issued reports about the company. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. UBS Group lifted their target price on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.83.

Radian Group Price Performance

Shares of RDN traded down $1.14 during mid-day trading on Monday, reaching $35.66. The company had a trading volume of 1,218,172 shares, compared to its average volume of 1,281,360. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 9.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The company's 50 day simple moving average is $34.32 and its 200 day simple moving average is $33.03. 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 issued its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The firm had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. Analysts expect that Radian Group will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, June 2nd. Radian Group's dividend payout ratio is presently 25.95%.

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

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 30,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.30, for a total transaction of $999,000.00. Following the completion of the sale, the executive vice president directly owned 13,957 shares in the company, valued at approximately $464,768.10. This trade represents a 68.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 5,105 shares of Radian Group 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 transaction, the director directly owned 20,008 shares of the company's stock, valued at approximately $673,469.28. This trade represents a 20.33% 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 worth $2,944,414. Company insiders own 2.16% of the company's stock.

Institutional Investors Weigh In On Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in Radian Group in the first quarter valued at approximately $427,000. Geneos Wealth Management Inc. increased its stake in shares of 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 acquiring an additional 572 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Radian Group by 10.3% during the 1st quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider's stock valued at $2,283,000 after acquiring an additional 6,429 shares during the period. Jane Street Group LLC boosted its stake in Radian Group by 11,446.4% during the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock worth $43,339,000 after acquiring an additional 1,299,167 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Radian Group in the first quarter worth $326,000. 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.