Radian Group Inc. (NYSE:RDN) Receives $40.00 Average PT from Brokerages

Shares of Radian Group Inc. (NYSE:RDN) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.20.

A number of research firms recently weighed in on RDN. Roth Mkm reissued a “buy” rating and issued a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $42.00 in a research report on Wednesday. Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, UBS Group decreased their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.01% of the company’s stock.

Hedge Funds Weigh In On Radian Group

A number of hedge funds have recently added to or reduced their stakes in RDN. Donald Smith & CO. Inc. increased its position in shares of Radian Group by 43.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after acquiring an additional 916,003 shares during the period. Janney Montgomery Scott LLC bought a new position in Radian Group in the fourth quarter worth approximately $259,000. Illinois Municipal Retirement Fund grew its stake in Radian Group by 4.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 73,146 shares of the insurance provider’s stock worth $2,633,000 after purchasing an additional 2,983 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Radian Group during the 4th quarter worth $210,000. Finally, Fox Run Management L.L.C. bought a new stake in Radian Group during the 4th quarter valued at $1,044,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Up 3.6%

Shares of RDN opened at $34.23 on Thursday. The business’s 50 day moving average is $34.67 and its 200 day moving average is $34.68. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. Radian Group has a 12-month low of $29.32 and a 12-month high of $38.84. The company has a market capitalization of $4.64 billion, a PE ratio of 8.54 and a beta of 0.81.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s payout ratio is currently 25.44%.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.