Brokerages Set Radian Group Inc (NYSE:RDN) PT at $28.33

Radian Group Inc (NYSE:RDN) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $28.33.

Several equities research analysts have recently commented on RDN shares. BTIG Research reissued a “buy” rating and issued a $29.00 target price on shares of Radian Group in a research note on Thursday, August 1st. B. Riley set a $27.00 target price on Radian Group and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays reissued a “buy” rating and issued a $27.00 target price on shares of Radian Group in a research note on Monday, June 24th.

Institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new stake in shares of Radian Group during the second quarter worth $87,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Radian Group by 19.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,103 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 669 shares during the period. NN Investment Partners Holdings N.V. grew its stake in shares of Radian Group by 39.1% during the second quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock worth $196,000 after purchasing an additional 2,400 shares during the period. Creative Planning acquired a new stake in shares of Radian Group during the second quarter worth $224,000. Finally, BB&T Securities LLC acquired a new stake in shares of Radian Group during the second quarter worth $225,000. 93.88% of the stock is owned by institutional investors and hedge funds.



Shares of NYSE RDN traded up $0.10 during midday trading on Friday, hitting $23.53. The stock had a trading volume of 28,011 shares, compared to its average volume of 1,138,854. The company’s 50-day simple moving average is $22.84 and its 200 day simple moving average is $22.64. The firm has a market cap of $4.76 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. Radian Group has a fifty-two week low of $14.77 and a fifty-two week high of $24.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.71 and a quick ratio of 1.71.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, July 31st. The insurance provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The company had revenue of $394.96 million during the quarter, compared to analysts’ expectations of $352.77 million. Radian Group had a return on equity of 17.68% and a net margin of 43.66%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. Equities analysts expect that Radian Group will post 2.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a dividend of $0.002 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. Radian Group’s dividend payout ratio (DPR) is presently 0.37%.

About Radian Group

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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Analyst Recommendations for Radian Group (NYSE:RDN)

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