Brokerages Set Radian Group Inc. (NYSE:RDN) Target Price at $35.90

Radian Group Inc. (NYSE:RDN) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.90.

A number of equities analysts have recently issued reports on RDN shares. Roth Mkm upped their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods lifted their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Barclays upped their price target on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd.

Radian Group Trading Up 0.5 %

RDN stock opened at $34.82 on Friday. The business has a fifty day moving average price of $35.17 and a 200 day moving average price of $32.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. Radian Group has a fifty-two week low of $24.56 and a fifty-two week high of $37.86. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 1.89 and a beta of 1.05.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. Analysts expect that Radian Group will post 3.75 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.81%. Radian Group’s dividend payout ratio is currently 25.93%.

Insider Buying and Selling at Radian Group

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the sale, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,772 shares of company stock valued at $4,260,796. 2.16% of the stock is currently owned by company insiders.

Institutional Trading of Radian Group

A number of large investors have recently bought and sold shares of RDN. Arizona State Retirement System boosted its holdings in shares of Radian Group by 0.8% in the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after buying an additional 321 shares during the period. Xponance Inc. lifted its position in Radian Group by 2.5% in the 2nd quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock valued at $408,000 after acquiring an additional 321 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its position in Radian Group by 2.2% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock valued at $698,000 after acquiring an additional 453 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its holdings in Radian Group by 6.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 470 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Radian Group by 5.2% in the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 474 shares during the period. 95.33% of the stock is owned by institutional investors.

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.