Radian Group (NYSE:RDN) PT Raised to $40.00

Radian Group (NYSE:RDN) had its price objective raised by Roth Mkm from $35.00 to $40.00 in a research note published on Friday, Benzinga reports. Roth Mkm currently has a buy rating on the insurance provider’s stock.

Other equities analysts have also issued reports about the company. Barclays raised their target price on Radian Group from $30.00 to $32.00 and gave the company an equal weight rating in a report on Friday. Keefe, Bruyette & Woods upgraded Radian Group from a market perform rating to an outperform rating and raised their target price for the company from $35.00 to $36.00 in a report on Monday, June 3rd. Finally, UBS Group raised their target price on Radian Group from $30.00 to $31.50 and gave the company a neutral rating in a report on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of Hold and an average target price of $35.30.

Radian Group Stock Down 1.9 %

Shares of NYSE:RDN traded down $0.66 during midday trading on Friday, hitting $34.94. 1,287,929 shares of the stock were exchanged, compared to its average volume of 871,333. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 0.41. Radian Group has a 52-week low of $24.56 and a 52-week high of $37.86. The business’s fifty day simple moving average is $32.42 and its two-hundred day simple moving average is $30.94. The company has a market capitalization of $5.26 billion, a PE ratio of 9.24, a P/E/G ratio of 1.98 and a beta of 1.05.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.20. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The company had revenue of $319.42 million for the quarter, compared to analyst estimates of $314.76 million. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Radian Group will post 3.61 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were paid a $0.245 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.80%. Radian Group’s payout ratio is presently 25.93%.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 35,000 shares of Radian Group stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares in the company, valued at $6,830,660.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Derek Brummer sold 35,000 shares of Radian Group stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares in the company, valued at $6,830,660.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Howard Bernard Culang sold 10,804 shares of Radian Group stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.45, for a total value of $339,785.80. Following the sale, the chairman now directly owns 8,050 shares in the company, valued at $253,172.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,004 shares of company stock worth $3,651,517. Company insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On Radian Group

A number of institutional investors have recently added to or reduced their stakes in RDN. Hexagon Capital Partners LLC grew its position in Radian Group by 145.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock worth $27,000 after buying an additional 557 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 1,160 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Radian Group during the fourth quarter valued at approximately $46,000. CWM LLC boosted its holdings in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares in the last quarter. Finally, AXS Investments LLC acquired a new stake in Radian Group during the fourth quarter valued at approximately $66,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.