Radian Group Inc. (NYSE:RDN) has been assigned a consensus rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.00.
A number of research firms recently weighed in on RDN. Keefe, Bruyette & Woods restated a “buy” rating and set a $22.00 price target on shares of Radian Group in a research report on Tuesday, March 21st. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, March 29th. BidaskClub upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Deutsche Bank AG decreased their target price on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Finally, ValuEngine upgraded shares of Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th.
Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Radian Group during the first quarter valued at approximately $114,000. CAMG Solamere Management LLC bought a new position in shares of Radian Group during the fourth quarter valued at approximately $201,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Radian Group during the first quarter valued at approximately $253,000. Meeder Asset Management Inc. bought a new position in shares of Radian Group during the first quarter valued at approximately $271,000. Finally, Stevens Capital Management LP bought a new position in shares of Radian Group during the first quarter valued at approximately $272,000. Hedge funds and other institutional investors own 92.60% of the company’s stock.
Radian Group (NYSE RDN) traded down 1.45% on Monday, hitting $16.30. 1,190,618 shares of the company’s stock traded hands. Radian Group has a one year low of $9.29 and a one year high of $19.87. The stock has a market cap of $3.51 billion, a PE ratio of 11.42 and a beta of 1.75. The stock has a 50-day moving average of $16.65 and a 200-day moving average of $17.81.
Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $288.80 million for the quarter, compared to analyst estimates of $304.96 million. Radian Group had a return on equity of 12.26% and a net margin of 26.23%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that Radian Group will post $1.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were issued a $0.0025 dividend. The ex-dividend date was Thursday, May 18th. This represents a $0.01 annualized dividend and a dividend yield of 0.06%. Radian Group’s dividend payout ratio is currently 0.70%.
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About Radian Group
Radian Group Inc is an insurance 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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