Radian Group (NYSE:RDN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Radian Group (NYSE:RDN) from a buy rating to a hold rating in a research report released on Sunday morning.

RDN has been the topic of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods increased their target price on shares of Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Royal Bank Of Canada began coverage on shares of Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Finally, Barclays upped their price objective on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Radian Group currently has an average rating of “Moderate Buy” and an average price target of $42.17.

Radian Group Stock Down 0.2%

NYSE RDN opened at $36.43 on Friday. The business has a fifty day moving average price of $37.02 and a two-hundred day moving average price of $35.32. The stock has a market capitalization of $4.82 billion, a PE ratio of 9.36, a PEG ratio of 0.87 and a beta of 0.72. Radian Group has a fifty-two week low of $31.50 and a fifty-two week high of $41.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.41 and a quick ratio of 0.58.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 92.3% on a year-over-year basis. Equities analysts expect that Radian Group will post 4.93 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. Radian Group’s dividend payout ratio (DPR) is presently 26.22%.

Insider Transactions at Radian Group

In related news, Director Margaret Anne Leyden sold 2,070 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total value of $71,601.30. Following the completion of the transaction, the director owned 6,864 shares in the company, valued at $237,425.76. This trade represents a 23.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the sale, the director owned 20,008 shares in the company, valued at approximately $724,089.52. This represents a 19.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 15,517 shares of company stock valued at $557,610. 2.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDN. Jones Financial Companies Lllp increased its holdings in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 357 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Radian Group by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after buying an additional 901 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Radian Group in the second quarter valued at about $239,000. Finally, Marshall Wace LLP acquired a new stake in shares of Radian Group in the second quarter valued at about $452,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.