Weekly Analysts’ Ratings Changes for Radian Group (RDN)

Several analysts have recently updated their ratings and price targets for Radian Group (NYSE: RDN):

• 8/5/2024 – Radian Group had its price target raised by analysts at Keefe, Bruyette & Woods from $36.00 to $39.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Radian Group had its price target raised by analysts at Royal Bank of Canada from $32.00 to $37.00. They now have a “sector perform” rating on the stock.
• 8/2/2024 – Radian Group had its price target raised by analysts at Barclays PLC from $30.00 to $32.00. They now have an “equal weight” rating on the stock.
• 8/2/2024 – Radian Group had its price target raised by analysts at Roth Mkm from $35.00 to $40.00. They now have a “buy” rating on the stock.

Radian Group Stock Up 1.0 %

Shares of RDN stock opened at $34.82 on Monday. Radian Group Inc. has a one year low of $24.56 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.41 and a quick ratio of 1.80. The stock has a fifty day moving average price of $33.00 and a 200 day moving average price of $31.31. The stock has a market cap of $5.24 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 26th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, August 26th. Radian Group’s dividend payout ratio is currently 25.93%.

Insider Buying and Selling

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Radian Group news, Director Noel Joseph Spiegel sold 5,895 shares of Radian Group stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total transaction of $187,461.00. Following the completion of the sale, the director now owns 20,008 shares of the company’s stock, valued at approximately $636,254.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total value of $130,655.91. The disclosure for this sale can be found here. Insiders have sold a total of 120,821 shares of company stock worth $3,782,173 in the last three months. Insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On Radian Group

Several large investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Radian Group by 145.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 557 shares in the last quarter. Fifth Third Bancorp grew its position in Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 1,160 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Radian Group in the 4th quarter valued at $46,000. CWM LLC boosted its stake in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after buying an additional 1,679 shares during the last quarter. Finally, AXS Investments LLC bought a new position in shares of Radian Group in the 4th quarter valued at about $66,000. Institutional investors own 95.33% of the company’s stock.

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.