Radian Group (NYSE:RDN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Radian Group (NYSE:RDN) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, September 11th. Barclays reduced their price target on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada began coverage on Radian Group in a report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.17.

Radian Group Trading Up 0.5%

RDN opened at $34.98 on Friday. Radian Group has a one year low of $31.50 and a one year high of $41.05. The company has a market cap of $4.63 billion, a P/E ratio of 8.99, a PEG ratio of 0.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50-day simple moving average is $37.21 and its 200-day simple moving average is $35.87.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. During the same quarter in the prior year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 92.3% on a year-over-year basis. As a group, equities research analysts expect that Radian Group will post 4.86 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.9%. Radian Group’s dividend payout ratio (DPR) is 26.22%.

Insider Activity at Radian Group

In other news, EVP Meghan Bartholomew sold 7,812 shares of Radian Group stock in a transaction on Monday, September 14th. The shares were sold at an average price of $35.94, for a total value of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares of the company’s stock, valued at $1,408,955.82. The trade was a 16.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RDN. Sequoia Financial Advisors LLC raised its holdings in shares of Radian Group by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock valued at $284,000 after buying an additional 747 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Radian Group by 374.1% during the second quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock worth $1,262,000 after buying an additional 26,432 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Radian Group during the second quarter worth about $44,000. NewEdge Advisors LLC grew its holdings in shares of Radian Group by 4.4% during the second quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock worth $694,000 after buying an additional 776 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Radian Group by 109.3% in the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 351 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Company Profile

Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.

Radian’s mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.