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

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

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

Radian Group Stock Performance

Shares of RDN stock opened at $30.58 on Wednesday. Radian Group has a 12-month low of $26.11 and a 12-month high of $37.86. The business’s fifty day simple moving average is $33.40 and its 200-day simple moving average is $34.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.55 billion, a PE ratio of 7.92, a PEG ratio of 1.69 and a beta of 1.06.

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 analysts’ consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. Analysts expect that Radian Group will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, November 25th. Radian Group’s payout ratio is 25.39%.

Insider Buying and Selling at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were 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 directly owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in Radian Group by 3.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 47,264 shares of the insurance provider’s stock valued at $1,499,000 after purchasing an additional 1,563 shares during the period. Nordea Investment Management AB lifted its position in shares of Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after buying an additional 19,730 shares in the last quarter. Tidal Investments LLC acquired a new stake in Radian Group in the 3rd quarter valued at $402,000. Sanctuary Advisors LLC increased its holdings in Radian Group by 11.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,541 shares of the insurance provider’s stock worth $718,000 after acquiring an additional 2,083 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Radian Group during the third quarter worth $2,402,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.