Radian Group Inc. (RDN) To Go Ex-Dividend on November 17th
Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, November 9th. Investors of record on Monday, November 21st will be given a dividend of 0.0025 per share on Monday, December 5th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Thursday, November 17th.
Radian Group (NYSE:RDN) opened at 14.30 on Wednesday. The stock has a market cap of $3.07 billion, a P/E ratio of 10.13 and a beta of 2.30. The company has a 50 day moving average of $13.75 and a 200-day moving average of $12.66. Radian Group has a 12-month low of $9.29 and a 12-month high of $14.67.
Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm earned $320.88 million during the quarter, compared to the consensus estimate of $229.12 million. Radian Group had a return on equity of 12.73% and a net margin of 25.97%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Equities analysts forecast that Radian Group will post $1.55 earnings per share for the current year.
A number of equities analysts have commented on RDN shares. BTIG Research set a $22.00 target price on shares of Radian Group and gave the stock a “buy” rating in a report on Thursday, September 15th. Zacks Investment Research upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a report on Thursday, September 15th. FBR & Co reiterated a “buy” rating on shares of Radian Group in a report on Friday, October 28th. Bank of America Corp. started coverage on shares of Radian Group in a report on Monday, October 17th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Compass Point downgraded shares of Radian Group from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.54.
Large investors have recently modified their holdings of the stock. Pacad Investment Ltd. purchased a new stake in shares of Radian Group during the second quarter worth approximately $264,000. State of Wisconsin Investment Board raised its stake in shares of Radian Group by 6.9% in the second quarter. State of Wisconsin Investment Board now owns 257,900 shares of the company’s stock worth $2,687,000 after buying an additional 16,700 shares in the last quarter. American International Group Inc. raised its stake in shares of Radian Group by 9.4% in the second quarter. American International Group Inc. now owns 124,006 shares of the company’s stock worth $1,292,000 after buying an additional 10,659 shares in the last quarter. Sei Investments Co. raised its stake in shares of Radian Group by 68.0% in the second quarter. Sei Investments Co. now owns 319,579 shares of the company’s stock worth $3,331,000 after buying an additional 129,392 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Radian Group by 9.9% in the second quarter. Alliancebernstein L.P. now owns 411,372 shares of the company’s stock worth $4,286,000 after buying an additional 36,890 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
Radian Group Company Profile
Radian Group Inc is a 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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