B. Riley Trims Radian Group (NYSE:RDN) Target Price to $20.00

Radian Group (NYSE:RDN) had its target price trimmed by B. Riley from $24.00 to $20.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the insurance provider’s stock. B. Riley also issued estimates for Radian Group’s Q1 2020 earnings at $0.74 EPS, FY2020 earnings at $2.65 EPS and FY2021 earnings at $2.80 EPS.

Separately, ValuEngine upgraded Radian Group from a strong sell rating to a sell rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $27.92.

RDN traded up $2.63 during trading on Monday, reaching $15.83. The stock had a trading volume of 2,961,784 shares, compared to its average volume of 2,091,405. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.25. Radian Group has a 1-year low of $10.39 and a 1-year high of $26.32. The stock has a 50 day moving average of $20.99 and a two-hundred day moving average of $23.73.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $388.02 million during the quarter, compared to the consensus estimate of $365.43 million. Radian Group had a return on equity of 17.37% and a net margin of 44.03%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, research analysts forecast that Radian Group will post 3.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, February 24th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Radian Group’s previous quarterly dividend of $0.00. Radian Group’s dividend payout ratio is 15.58%.

In other news, EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $23.90, for a total transaction of $239,000.00. Following the completion of the sale, the executive vice president now owns 61,648 shares in the company, valued at approximately $1,473,387.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in RDN. First Trust Advisors LP lifted its holdings in shares of Radian Group by 5.0% in the fourth quarter. First Trust Advisors LP now owns 175,148 shares of the insurance provider’s stock valued at $4,407,000 after purchasing an additional 8,271 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Radian Group in the fourth quarter valued at $414,000. Squarepoint Ops LLC purchased a new stake in shares of Radian Group in the third quarter valued at $3,506,000. James Investment Research Inc. lifted its holdings in shares of Radian Group by 28.0% in the fourth quarter. James Investment Research Inc. now owns 140,515 shares of the insurance provider’s stock valued at $3,535,000 after purchasing an additional 30,776 shares in the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of Radian Group by 9.3% in the fourth quarter. Credit Suisse AG now owns 178,937 shares of the insurance provider’s stock valued at $4,503,000 after purchasing an additional 15,177 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Radian Group Company Profile

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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