Radian Group (NYSE:RDN) Now Covered by Barclays

Barclays began coverage on shares of Radian Group (NYSE:RDN) in a report published on Wednesday, Briefing.com reports. The brokerage issued an equal weight rating and a $28.00 target price on the insurance provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada lifted their price target on Radian Group from $26.00 to $29.00 and gave the stock a sector perform rating in a research note on Friday, August 4th. StockNews.com started coverage on Radian Group in a research report on Thursday, October 5th. They set a hold rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Radian Group currently has a consensus rating of Hold and an average target price of $27.50.

Radian Group Trading Up 1.4 %

Shares of RDN opened at $25.98 on Wednesday. The business’s 50-day moving average price is $25.91 and its 200 day moving average price is $25.99. The stock has a market capitalization of $3.98 billion, a P/E ratio of 6.70, a P/E/G ratio of 1.41 and a beta of 1.09. Radian Group has a 1-year low of $17.83 and a 1-year high of $28.26. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.40.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.25. The firm had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $313.17 million. Radian Group had a return on equity of 15.63% and a net margin of 50.66%. Radian Group’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. Analysts expect that Radian Group will post 3.75 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.90 annualized dividend and a dividend yield of 3.46%. Radian Group’s dividend payout ratio is 23.20%.

Institutional Investors Weigh In On Radian Group

Several institutional investors have recently made changes to their positions in RDN. JPMorgan Chase & Co. lifted its holdings in shares of Radian Group by 575.2% during the 1st quarter. JPMorgan Chase & Co. now owns 12,765,182 shares of the insurance provider’s stock valued at $282,110,000 after buying an additional 10,874,587 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Radian Group by 202.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,295,712 shares of the insurance provider’s stock valued at $64,760,000 after buying an additional 2,204,335 shares during the last quarter. State Street Corp lifted its holdings in shares of Radian Group by 45.6% during the 1st quarter. State Street Corp now owns 7,009,760 shares of the insurance provider’s stock valued at $154,915,000 after buying an additional 2,195,362 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Radian Group during the 2nd quarter valued at about $49,577,000. Finally, BlackRock Inc. lifted its holdings in shares of Radian Group by 12.8% during the 1st quarter. BlackRock Inc. now owns 15,104,763 shares of the insurance provider’s stock valued at $333,815,000 after buying an additional 1,710,552 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions.