FBR & Co Reiterates “Outperform” Rating for Radian Group Inc. (RDN)
Radian Group Inc. (NYSE:RDN)‘s stock had its “outperform” rating reiterated by FBR & Co in a report issued on Tuesday. They currently have a $19.00 price target on the stock, up from their prior price target of $16.00. FBR & Co’s price objective points to a potential upside of 30.49% from the company’s current price.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded 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. 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. Bank of America Corp. began coverage on Radian Group in a research report on Monday, October 17th. They set a “buy” rating and a $18.00 price target for the company. Compass Point cut Radian Group from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Friday, October 28th. Finally, TheStreet upgraded Radian Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $17.29.
Shares of Radian Group (NYSE:RDN) opened at 14.56 on Tuesday. The stock’s 50 day moving average price is $14.09 and its 200 day moving average price is $12.84. The company has a market capitalization of $3.12 billion, a P/E ratio of 10.31 and a beta of 2.30. Radian Group has a 52-week low of $9.29 and a 52-week high of $14.90.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The business earned $320.88 million during the quarter, compared to analysts’ expectations of $229.12 million. Radian Group had a return on equity of 12.73% and a net margin of 25.97%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, equities research analysts forecast that Radian Group will post $1.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 21st will be paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.07%. The ex-dividend date is Thursday, November 17th. Radian Group’s dividend payout ratio (DPR) is presently 0.70%.
Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Radian Group by 1.9% in the second quarter. FMR LLC now owns 18,946,596 shares of the company’s stock valued at $197,423,000 after buying an additional 348,825 shares during the period. Vanguard Group Inc. raised its position in shares of Radian Group by 8.3% in the second quarter. Vanguard Group Inc. now owns 15,274,403 shares of the company’s stock valued at $159,160,000 after buying an additional 1,171,634 shares during the period. LSV Asset Management raised its position in shares of Radian Group by 1.0% in the third quarter. LSV Asset Management now owns 10,947,133 shares of the company’s stock valued at $148,333,000 after buying an additional 104,400 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Radian Group by 14.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,829,872 shares of the company’s stock valued at $133,195,000 after buying an additional 1,249,902 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Radian Group by 8.4% in the third quarter. BlackRock Fund Advisors now owns 5,820,216 shares of the company’s stock valued at $78,864,000 after buying an additional 449,150 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.
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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