Keefe, Bruyette & Woods Cuts Radian Group (NYSE:RDN) Price Target to $37.00

Radian Group (NYSE:RDN) had its price target reduced by Keefe, Bruyette & Woods from $40.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Separately, UBS Group upped their target price on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.20.

Radian Group Stock Performance

NYSE:RDN opened at $31.61 on Tuesday. The company has a market cap of $4.46 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.73 and a beta of 0.75. Radian Group has a twelve month low of $29.17 and a twelve month high of $37.86. The company’s 50-day moving average price is $32.34 and its 200-day moving average price is $33.23. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, sell-side analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date was Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.23%. Radian Group’s dividend payout ratio is currently 25.95%.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Radian Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Picton Mahoney Asset Management increased its holdings in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. Covestor Ltd grew its stake in shares of Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock valued at $43,000 after buying an additional 355 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after buying an additional 364 shares during the period. CX Institutional lifted its stake in Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 451 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 485 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other 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.