Radian Group (NYSE:RDN) had its price objective reduced by MKM Partners from $27.00 to $20.00 in a research report report published on Tuesday. They currently have a buy rating on the insurance provider’s stock.
Several other brokerages have also recently weighed in on RDN. Wells Fargo & Co reiterated a hold rating on shares of Radian Group in a research note on Tuesday, March 13th. Zacks Investment Research cut shares of Radian Group from a buy rating to a hold rating in a research note on Thursday, April 5th. Macquarie began coverage on shares of Radian Group in a research note on Wednesday, March 14th. They set a neutral rating on the stock. Deutsche Bank reiterated a buy rating on shares of Radian Group in a research note on Wednesday, March 14th. Finally, ValuEngine cut shares of Radian Group from a strong-buy rating to a buy rating in a research note on Wednesday, March 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Radian Group presently has a consensus rating of Hold and a consensus target price of $23.53.
NYSE:RDN opened at $17.20 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. Radian Group has a 12 month low of $14.06 and a 12 month high of $23.49. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 1.08 and a beta of 1.55.
Radian Group (NYSE:RDN) last posted its earnings results on Thursday, April 26th. The insurance provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Radian Group had a net margin of 12.99% and a return on equity of 14.94%. The business had revenue of $291.60 million during the quarter, compared to the consensus estimate of $316.47 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. sell-side analysts forecast that Radian Group will post 2.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were paid a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date was Friday, May 18th. Radian Group’s dividend payout ratio (DPR) is 0.55%.
In related news, EVP Edward J. Hoffman sold 14,985 shares of Radian Group stock in a transaction on Friday, May 18th. The shares were sold at an average price of $16.38, for a total transaction of $245,454.30. Following the transaction, the executive vice president now owns 62,789 shares in the company, valued at approximately $1,028,483.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard G. Thornberry bought 20,000 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were purchased at an average price of $14.62 per share, for a total transaction of $292,400.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 49,200 shares of company stock worth $728,822. 0.99% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RDN. Meeder Asset Management Inc. lifted its stake in shares of Radian Group by 75.9% during the 4th quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock valued at $153,000 after buying an additional 3,220 shares in the last quarter. TLP Group LLC lifted its stake in shares of Radian Group by 136.5% during the 1st quarter. TLP Group LLC now owns 8,920 shares of the insurance provider’s stock valued at $170,000 after buying an additional 5,149 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Radian Group during the 4th quarter valued at $204,000. GWM Advisors LLC purchased a new position in shares of Radian Group during the 1st quarter valued at $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Radian Group by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock valued at $243,000 after buying an additional 4,021 shares in the last quarter. Institutional investors own 93.69% of the company’s stock.
About Radian Group
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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