ValuEngine upgraded shares of Radian Group (NYSE:RDN) from a sell rating to a hold rating in a report released on Thursday morning.
A number of other research firms also recently commented on RDN. Wells Fargo & Co restated a hold rating on shares of Radian Group in a research note on Tuesday, March 13th. Zacks Investment Research downgraded shares of Radian Group from a buy rating to a hold rating in a research note on Thursday, April 5th. Compass Point reduced their price objective on shares of Radian Group from $24.25 to $23.25 and set a buy rating for the company in a research note on Friday, April 27th. Royal Bank of Canada downgraded shares of Radian Group from an outperform rating to a sector perform rating and set a $26.00 price objective for the company. in a research note on Tuesday, April 10th. Finally, B. Riley cut their target price on shares of Radian Group from $22.00 to $20.00 and set a neutral rating for the company in a research note on Tuesday, April 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $23.53.
Radian Group stock opened at $16.75 on Thursday. Radian Group has a one year low of $14.06 and a one year high of $23.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $3.69 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, April 26th. The insurance provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Radian Group had a net margin of 12.99% and a return on equity of 14.94%. The company had revenue of $291.60 million during the quarter, compared to the consensus estimate of $316.47 million. During the same period in the prior year, the business posted $0.37 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. sell-side analysts expect that Radian Group will post 2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were paid a $0.0025 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.01 annualized dividend and a yield of 0.06%. Radian Group’s dividend payout ratio (DPR) is currently 0.55%.
In related news, insider Herbert Wender purchased 5,000 shares of the stock in a transaction on Monday, April 30th. The shares were purchased at an average cost of $14.63 per share, with a total value of $73,150.00. Following the acquisition, the insider now directly owns 192,670 shares in the company, valued at $2,818,762.10. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard G. Thornberry purchased 20,000 shares of the stock in a transaction on Monday, April 30th. The stock was bought at an average cost of $14.62 per share, for a total transaction of $292,400.00. The disclosure for this purchase can be found here. Insiders purchased a total of 49,200 shares of company stock valued at $728,822 over the last quarter. 0.99% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC raised its holdings in Radian Group by 6.4% in the 4th quarter. Aperio Group LLC now owns 45,628 shares of the insurance provider’s stock valued at $940,000 after acquiring an additional 2,755 shares during the period. ETRADE Capital Management LLC raised its holdings in Radian Group by 23.3% in the 4th quarter. ETRADE Capital Management LLC now owns 16,646 shares of the insurance provider’s stock valued at $343,000 after acquiring an additional 3,149 shares during the period. Schroder Investment Management Group raised its holdings in Radian Group by 9.9% in the 4th quarter. Schroder Investment Management Group now owns 40,219 shares of the insurance provider’s stock valued at $829,000 after acquiring an additional 3,631 shares during the period. Geode Capital Management LLC raised its holdings in Radian Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,809,858 shares of the insurance provider’s stock valued at $37,301,000 after acquiring an additional 5,077 shares during the period. Finally, TLP Group LLC raised its holdings in Radian Group by 136.5% in the 1st quarter. TLP Group LLC now owns 8,920 shares of the insurance provider’s stock valued at $170,000 after acquiring an additional 5,149 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
About Radian Group
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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