Radian Group (NYSE:RDN) Given New $40.00 Price Target at Keefe, Bruyette & Woods

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

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

Radian Group Price Performance

Shares of RDN stock opened at $31.62 on Wednesday. The stock has a 50 day moving average price of $33.54 and a 200 day moving average price of $34.08. Radian Group has a 52-week low of $26.11 and a 52-week 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 firm has a market capitalization of $4.71 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.69 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.15. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. As a group, sell-side analysts predict that Radian Group will post 4 earnings per share for the current 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 given a $0.245 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 3.10%. Radian Group’s payout ratio is presently 25.39%.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of the business’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 completion of the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after purchasing an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after buying an additional 121,166 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Radian Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after acquiring an additional 89,363 shares in the last quarter. FMR LLC grew its stake in shares of Radian Group by 0.4% during the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after acquiring an additional 12,834 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Radian Group by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after acquiring an additional 25,862 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

About Radian Group

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.