Radian Group Inc. (RDN) Given Buy Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Radian Group Inc. (NYSE:RDN) in a research note issued to investors on Tuesday, May 30th. Keefe, Bruyette & Woods currently has a $21.00 price target on the insurance provider’s stock.

A number of other brokerages also recently issued reports on RDN. FBR & Co upped their price target on Radian Group from $21.00 to $23.00 and gave the company an outperform rating in a report on Monday, February 13th. Zacks Investment Research downgraded Radian Group from a buy rating to a hold rating in a report on Monday, January 30th. Finally, Deutsche Bank AG decreased their price objective on Radian Group from $22.00 to $21.00 and set a buy rating for the company in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Radian Group currently has an average rating of Buy and a consensus price target of $20.88.

Shares of Radian Group (NYSE RDN) opened at 17.00 on Tuesday. Radian Group has a 1-year low of $9.29 and a 1-year high of $19.87. The firm has a market capitalization of $3.66 billion, a PE ratio of 11.91 and a beta of 1.75. The company has a 50-day moving average of $16.63 and a 200-day moving average of $17.74.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.06. The business had revenue of $288.80 million during the quarter, compared to analyst estimates of $304.96 million. Radian Group had a net margin of 26.23% and a return on equity of 12.26%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Equities research analysts predict that Radian Group will post $1.63 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Monday, June 5th. Investors of record on Monday, May 22nd were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.06%. The ex-dividend date of this dividend was Thursday, May 18th. Radian Group’s dividend payout ratio is presently 0.70%.

Several large investors have recently modified their holdings of RDN. Dimensional Fund Advisors LP increased its stake in shares of Radian Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,812,816 shares of the insurance provider’s stock valued at $50,575,000 after buying an additional 71,693 shares in the last quarter. State Street Corp increased its stake in shares of Radian Group by 5.8% in the fourth quarter. State Street Corp now owns 7,157,426 shares of the insurance provider’s stock valued at $128,688,000 after buying an additional 391,745 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Radian Group by 4.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 248,697 shares of the insurance provider’s stock valued at $4,472,000 after buying an additional 10,456 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Radian Group during the fourth quarter valued at $3,435,000. Finally, Colony Group LLC bought a new stake in shares of Radian Group during the third quarter valued at $1,733,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Radian Group Company Profile

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

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