Radian Group Inc (NYSE:RDN) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $29.08.

RDN has been the topic of a number of analyst reports. Barclays set a $28.00 target price on shares of Radian Group and gave the stock a “buy” rating in a research report on Friday, November 1st. ValuEngine cut shares of Radian Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BTIG Research restated a “buy” rating and issued a $29.00 price objective on shares of Radian Group in a research report on Thursday, August 1st. Compass Point set a $33.50 price objective on shares of Radian Group and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley set a $27.00 price objective on shares of Radian Group and gave the company a “hold” rating in a research report on Friday, August 2nd.

NYSE:RDN traded down $0.01 during trading hours on Monday, reaching $25.73. The company’s stock had a trading volume of 481,963 shares, compared to its average volume of 1,257,956. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.62 and a beta of 1.37. The firm has a 50-day simple moving average of $24.08 and a 200-day simple moving average of $23.29. Radian Group has a 1 year low of $14.77 and a 1 year high of $25.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.71 and a current ratio of 1.71.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $380.34 million for the quarter, compared to analysts’ expectations of $363.96 million. Radian Group had a net margin of 44.27% and a return on equity of 17.72%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Equities analysts anticipate that Radian Group will post 3.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.0025 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.00. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. Radian Group’s payout ratio is presently 0.37%.

Several hedge funds have recently added to or reduced their stakes in RDN. Nuveen Asset Management LLC increased its position in shares of Radian Group by 111.0% in the second quarter. Nuveen Asset Management LLC now owns 3,995,271 shares of the insurance provider’s stock valued at $91,292,000 after acquiring an additional 2,101,860 shares during the period. APG Asset Management N.V. boosted its stake in shares of Radian Group by 26.7% during the 2nd quarter. APG Asset Management N.V. now owns 4,976,300 shares of the insurance provider’s stock valued at $99,849,000 after purchasing an additional 1,048,300 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Radian Group by 138.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,295,104 shares of the insurance provider’s stock valued at $29,595,000 after purchasing an additional 752,847 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Radian Group during the 2nd quarter valued at about $13,070,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Radian Group by 122.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 683,236 shares of the insurance provider’s stock valued at $15,612,000 after purchasing an additional 376,638 shares in the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Radian Group Company Profile

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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Analyst Recommendations for Radian Group (NYSE:RDN)

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