Keefe, Bruyette & Woods Cuts Radian Group (NYSE:RDN) Price Target to $40.00

Radian Group (NYSE:RDN) had its price objective decreased by Keefe, Bruyette & Woods from $41.00 to $40.00 in a research note released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

Separately, Barclays boosted their price objective on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.30.

Radian Group Stock Down 3.4 %

NYSE RDN opened at $30.58 on Wednesday. The stock has a 50 day moving average price of $33.40 and a 200-day moving average price of $34.04. Radian Group has a one year low of $26.11 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $4.55 billion, a P/E ratio of 7.92, a P/E/G ratio of 1.69 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. As a group, equities analysts predict that Radian Group will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 3.20%. Radian Group’s payout ratio is 25.39%.

Insider Buying and Selling

In other news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by corporate insiders.

Institutional Trading of Radian Group

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System grew its position in shares of Radian Group by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock worth $1,319,000 after buying an additional 321 shares in the last quarter. Xponance Inc. lifted its stake in Radian Group by 2.5% in the second quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock worth $408,000 after acquiring an additional 321 shares during the period. QRG Capital Management Inc. grew its holdings in Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after acquiring an additional 339 shares in the last quarter. MML Investors Services LLC increased its position in Radian Group by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after purchasing an additional 364 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Radian Group by 8.0% in the 3rd quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock valued at $273,000 after purchasing an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.