Radian Group Inc. (RDN) Given Average Rating of “Buy” by Analysts
Radian Group Inc. (NYSE:RDN) has been assigned an average recommendation of “Buy” from the fourteen research firms that are currently covering the firm. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.14.
A number of analysts have weighed in on RDN shares. Bank of America Corp. started coverage on Radian Group in a research report on Monday, October 17th. They issued a “buy” rating and a $18.00 price target for the company. FBR & Co reaffirmed a “buy” rating on shares of Radian Group in a research report on Friday, October 28th. BTIG Research set a $22.00 price target on Radian Group and gave the stock a “buy” rating in a research report on Thursday, September 15th. Zacks Investment Research raised Radian Group from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Friday, November 18th. Finally, TheStreet raised Radian Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th.
Shares of Radian Group (NYSE:RDN) traded up 0.654% during midday trading on Monday, reaching $14.625. The company’s stock had a trading volume of 1,532,445 shares. The stock has a market capitalization of $3.14 billion, a P/E ratio of 10.358 and a beta of 2.30. Radian Group has a 12 month low of $9.29 and a 12 month high of $14.88. The stock’s 50-day moving average is $14.02 and its 200 day moving average is $12.79.
Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Radian Group had a return on equity of 12.73% and a net margin of 25.97%. The company earned $320.88 million during the quarter, compared to analysts’ expectations of $229.12 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that Radian Group will post $1.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 21st will be issued a $0.0025 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.01 annualized dividend and a yield of 0.07%. Radian Group’s dividend payout ratio (DPR) is 0.70%.
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A number of institutional investors have recently bought and sold shares of the stock. Sullivan Bruyette Speros & Blaney Inc. bought a new stake in Radian Group during the second quarter valued at $104,000. Landscape Capital Management L.L.C. bought a new stake in Radian Group during the second quarter valued at $106,000. Profund Advisors LLC bought a new stake in Radian Group during the third quarter valued at $145,000. Fox Run Management L.L.C. bought a new stake in Radian Group during the second quarter valued at $126,000. Finally, Genesee Valley Trust Co. raised its stake in Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock valued at $127,000 after buying an additional 274 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.
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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