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

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

Separately, UBS Group raised their target price on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Radian Group has an average rating of “Hold” and an average price target of $36.20.

Radian Group Trading Down 2.1 %

NYSE RDN opened at $31.61 on Tuesday. Radian Group has a 52 week low of $29.17 and a 52 week high of $37.86. The firm has a 50 day moving average of $32.34 and a two-hundred day moving average of $33.23. The stock has a market capitalization of $4.46 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, research analysts expect that Radian Group will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

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

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.16% of the company’s stock.

Institutional Trading of Radian Group

Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP increased its stake in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock valued at $341,505,000 after purchasing an additional 1,836,020 shares during the period. State Street Corp grew its holdings in shares of Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after buying an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock valued at $193,307,000 after acquiring an additional 248,423 shares during the period. American Century Companies Inc. increased its position in Radian Group by 7.9% in the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after acquiring an additional 245,303 shares during the period. Finally, Norges Bank purchased a new stake in Radian Group during the 4th quarter valued at approximately $73,693,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

About Radian Group

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.