Radian Group Inc. (NYSE:RDN) Receives $40.80 Consensus PT from Analysts

Shares of Radian Group Inc. (NYSE:RDN) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.80.

A number of research firms have weighed in on RDN. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Roth Mkm restated a “buy” rating and set a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Barclays set a $40.00 price objective on shares of Radian Group in a research note on Monday, February 23rd.

Radian Group Price Performance

Shares of NYSE:RDN opened at $33.93 on Monday. Radian Group has a one year low of $29.32 and a one year high of $38.84. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.85 and a beta of 0.80. The company has a 50-day simple moving average of $33.98 and a 200-day simple moving average of $34.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $300.51 million for the quarter, compared to analyst estimates of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. On average, analysts predict that Radian Group will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The company also recently declared 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 is Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

Institutional Investors Weigh In On Radian Group

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Radian Group by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after purchasing an additional 427,473 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Radian Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock valued at $214,481,000 after buying an additional 63,437 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Radian Group by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,717,423 shares of the insurance provider’s stock valued at $205,773,000 after buying an additional 274,222 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Radian Group by 4.4% in the third quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock valued at $145,586,000 after buying an additional 171,049 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its holdings in 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. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Radian Group

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.