Radian Group (NYSE:RDN) Research Coverage Started at BTIG Research

BTIG Research began coverage on shares of Radian Group (NYSE:RDN) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $48.00 price objective on the insurance provider’s stock.

Several other analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Barclays decreased their price target on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Weiss Ratings downgraded Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, September 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Radian Group currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Radian Group Trading Down 3.0%

Shares of RDN opened at $33.51 on Tuesday. The business’s 50-day moving average price is $36.90 and its 200-day moving average price is $35.87. Radian Group has a twelve month low of $31.50 and a twelve month high of $41.05. The stock has a market cap of $4.43 billion, a PE ratio of 8.62, a P/E/G ratio of 0.84 and a beta of 0.70. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. Radian Group’s revenue was up 92.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. On average, equities analysts forecast that Radian Group will post 4.86 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were paid a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 24th. Radian Group’s payout ratio is currently 26.22%.

Insider Activity at Radian Group

In other news, EVP Meghan Bartholomew sold 7,812 shares of the 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 owned 39,203 shares of the company’s stock, valued at $1,408,955.82. This represents a 16.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 added to or reduced their stakes in RDN. Sequoia Financial Advisors LLC raised its position in Radian Group by 11.0% during the second quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock valued at $284,000 after purchasing an additional 747 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Radian Group by 374.1% in the 2nd quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 26,432 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Radian Group during the 2nd quarter valued at about $44,000. NewEdge Advisors LLC increased its position in shares of Radian Group by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock valued at $694,000 after purchasing an additional 776 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Radian Group by 109.3% during the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after buying an additional 351 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Radian Group

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.