ValuEngine lowered shares of Radian Group (NYSE:RDN) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
A number of other brokerages have also issued reports on RDN. Wells Fargo & Co reaffirmed a hold rating on shares of Radian Group in a research report on Tuesday, March 13th. Zacks Investment Research lowered Radian Group from a buy rating to a hold rating in a research report on Thursday, April 5th. Macquarie assumed coverage on Radian Group in a research report on Wednesday, March 14th. They set a neutral rating on the stock. Deutsche Bank reaffirmed a buy rating on shares of Radian Group in a research report on Wednesday, March 14th. Finally, B. Riley dropped their target price on Radian Group from $22.00 to $20.00 and set a neutral rating on the stock in a research report on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $23.53.
Shares of Radian Group opened at $16.08 on Wednesday, according to Marketbeat. Radian Group has a 1 year low of $14.06 and a 1 year high of $23.49. The stock has a market cap of $3.53 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32.
Radian Group (NYSE:RDN) last announced its earnings results on Thursday, April 26th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Radian Group had a return on equity of 14.94% and a net margin of 12.99%. The business had revenue of $291.60 million for the quarter, compared to analyst estimates of $316.47 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Radian Group will post 2.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were paid a $0.0025 dividend. The ex-dividend date was Friday, May 18th. This represents a $0.01 dividend on an annualized basis and a yield of 0.06%. Radian Group’s dividend payout ratio (DPR) is 0.55%.
In related news, EVP Edward J. Hoffman sold 14,985 shares of Radian Group stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $16.38, for a total value of $245,454.30. Following the completion of the transaction, the executive vice president now directly owns 62,789 shares in the company, valued at $1,028,483.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J Franklin Hall purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was purchased at an average price of $15.40 per share, with a total value of $77,000.00. The disclosure for this purchase can be found here. Insiders purchased 49,200 shares of company stock valued at $728,822 over the last quarter. Insiders own 0.99% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Two Sigma Advisers LP boosted its stake in Radian Group by 703.7% in the fourth quarter. Two Sigma Advisers LP now owns 496,234 shares of the insurance provider’s stock valued at $10,227,000 after acquiring an additional 434,487 shares during the period. Brandywine Global Investment Management LLC boosted its stake in Radian Group by 3.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 2,842,363 shares of the insurance provider’s stock valued at $58,582,000 after acquiring an additional 103,941 shares during the period. Quantitative Investment Management LLC boosted its stake in Radian Group by 134.4% in the fourth quarter. Quantitative Investment Management LLC now owns 81,800 shares of the insurance provider’s stock valued at $1,685,000 after acquiring an additional 46,900 shares during the period. Macquarie Group Ltd. boosted its stake in Radian Group by 211.6% in the fourth quarter. Macquarie Group Ltd. now owns 236,791 shares of the insurance provider’s stock valued at $4,880,000 after acquiring an additional 160,791 shares during the period. Finally, BlackRock Inc. boosted its stake in Radian Group by 2.7% in the fourth quarter. BlackRock Inc. now owns 14,438,816 shares of the insurance provider’s stock valued at $297,583,000 after acquiring an additional 377,393 shares during the period. Institutional investors and hedge funds own 93.67% of the company’s stock.
About Radian Group
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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