Radian Group Inc. (NYSE:RDN) Receives Average “Buy” Rating from Analysts


Shares of Radian Group Inc. (NYSE: RDN) received an average recommendation of “Buy” from the six rating agencies that cover the company, MarketBeat.com reports. One investment analyst has assigned the stock a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned the company a strong buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the past year is $28.08.

RDN has been the subject of several research analyst reports. Barclays raised its price target on Radian Group from $30.00 to $34.00 in a Monday, January 10 research report. Bank of America downgraded Radian Group from a “buy” rating to an “underperform” rating and lowered its price target for the stock from $25.00 to $22.50 in a research report from the Wednesday, November 17. Finally, Zacks Investment Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating and set a price target of $27.00 for the company in a Tuesday, January 11 research report.

Separately, Executive Vice President Brien Mcmahon sold 50,920 shares in a trade on Wednesday, November 24. The stock was sold at an average price of $21.64, for a total transaction of $1,101,908.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, CEO Richard G. Thornberry acquired 20,000 shares of the company in a transaction that took place on Tuesday, November 23. The shares were purchased at an average cost of $21.65 per share, for a total transaction of $433,000.00. Disclosure of this purchase can be found here. Insiders of the company own 1.36% of the shares of the company.

Several institutional investors and hedge funds have been buying and selling stocks recently. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Radian Group in Q4 valued at approximately $31,000. Dark Forest Capital Management LP acquired a new stake in Radian Group in Q2 worth approximately $60,000. Sandy Cove Advisors LLC acquired a new stake in Radian Group in Q4 worth approximately $63,000. Van ECK Associates Corp increased its stake in Radian Group by 59.2% in the third quarter. Van ECK Associates Corp now owns 3,540 shares of the insurance provider worth $80,000 after buying 1,316 additional shares in the last quarter. Finally, Covestor Ltd acquired a new stake in Radian Group in Q4 worth approximately $84,000. 95.98% of the shares are currently held by institutional investors and hedge funds.

NYSE: RDN opened at $23.89 on Friday. Radian Group has a 52-week low of $19.17 and a 52-week high of $25.31. The company has a debt ratio of 0.37, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day moving average price of $21.87 and a two-hundred-day moving average price of $22.39. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 8.32, a growth price-to-earnings ratio of 1.38 and a beta of 1.43.

Radian Group said its board authorized a stock repurchase plan on Wednesday, Feb. 9 that sees the company repurchase $400.00 million in stock. This repurchase authorization allows the insurer to repurchase up to 9.5% of its shares through purchases on the open market. Stock repurchase plans usually indicate that the management of the company believes that its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 3. Shareholders of record on Monday, February 21 will receive a dividend of $0.20. The ex-dividend date is Thursday, February 17. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 3.35%. This is a boost from Radian Group’s previous quarterly dividend of $0.14. Radian Group’s dividend payout ratio (DPR) is currently 19.51%.

About Radian Group

Radian Group, Inc is a holding company that provides mortgage insurance, risk management products and real estate services to financial institutions. It operates through mortgage and real estate segments. The Mortgage segment provides credit insurance coverage, as well as other credit risk management solutions to mortgage lenders and mortgage investors.

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