Keefe, Bruyette & Woods Issues Pessimistic Forecast for Radian Group (NYSE:RDN) Stock Price

Radian Group (NYSE:RDN) had its target price trimmed by Keefe, Bruyette & Woods from $41.00 to $40.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

Separately, Barclays boosted their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.30.

Radian Group Stock Down 0.3 %

Shares of RDN stock opened at $31.62 on Wednesday. Radian Group has a fifty-two week low of $26.11 and a fifty-two week high of $37.86. The firm has a market capitalization of $4.71 billion, a PE ratio of 8.19, a P/E/G ratio of 1.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The stock’s 50-day simple moving average is $33.54 and its 200-day simple moving average is $34.08.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The company had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Equities analysts expect that Radian Group will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a dividend of $0.245 per share. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.10%. Radian Group’s payout ratio is 25.39%.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Arizona State Retirement System grew its stake in Radian Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after acquiring an additional 321 shares during the period. Xponance Inc. increased its stake in shares of Radian Group by 2.5% during the second quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock worth $408,000 after purchasing an additional 321 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. MML Investors Services LLC raised its position in shares of Radian Group by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 364 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Radian Group by 8.0% in the 3rd quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock valued at $273,000 after buying an additional 579 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.