Radian Group Inc (RDN) Receives Average Rating of “Buy” from Brokerages

Shares of Radian Group Inc (NYSE:RDN) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.36.

RDN has been the topic of several recent analyst reports. ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Compass Point set a $26.00 price objective on shares of Radian Group and gave the company a “buy” rating in a research report on Thursday, November 1st. B. Riley raised their price objective on shares of Radian Group from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Bank of America raised their price objective on shares of Radian Group from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, TheStreet upgraded shares of Radian Group from a “c+” rating to a “b-” rating in a research report on Tuesday, July 31st.

Shares of RDN stock traded up $0.26 on Monday, hitting $18.53. 59,549 shares of the stock traded hands, compared to its average volume of 1,028,207. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.37 and a beta of 1.45. Radian Group has a 52 week low of $14.06 and a 52 week high of $23.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.53 and a quick ratio of 1.53.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The firm had revenue of $330.70 million for the quarter, compared to the consensus estimate of $334.59 million. Radian Group had a net margin of 37.56% and a return on equity of 17.34%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Equities research analysts expect that Radian Group will post 2.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Monday, November 26th will be paid a dividend of $0.0025 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.01 annualized dividend and a yield of 0.05%. Radian Group’s payout ratio is 0.55%.

Radian Group declared that its board has authorized a stock buyback plan on Thursday, August 16th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in Radian Group by 18,072.3% during the second quarter. Signaturefd LLC now owns 15,083 shares of the insurance provider’s stock valued at $245,000 after acquiring an additional 15,000 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Radian Group during the second quarter valued at $520,000. Capital Fund Management S.A. purchased a new position in Radian Group during the second quarter valued at $10,201,000. State of Alaska Department of Revenue purchased a new position in Radian Group during the third quarter valued at $267,000. Finally, Sei Investments Co. grew its stake in Radian Group by 0.7% during the second quarter. Sei Investments Co. now owns 477,155 shares of the insurance provider’s stock valued at $7,740,000 after acquiring an additional 3,235 shares in the last quarter. 92.94% of the stock is owned by institutional investors.

Radian Group Company Profile

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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Analyst Recommendations for Radian Group (NYSE:RDN)

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