Shares of Radian Group Inc. (NYSE:RDN – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.1667.
RDN has been the topic of a number of research reports. Royal Bank Of Canada began coverage on Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Radian Group in a research report on Tuesday, June 16th. Keefe, Bruyette & Woods raised their price objective on shares of Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Wall Street Zen raised shares of Radian Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th.
View Our Latest Research Report on RDN
Insider Activity at Radian Group
Institutional Trading of Radian Group
Several institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Radian Group during the fourth quarter worth $77,364,000. Balyasny Asset Management L.P. grew its position in shares of Radian Group by 151.7% during the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after purchasing an additional 1,128,852 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Radian Group by 43.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares during the last quarter. Millennium Management LLC boosted its stake in Radian Group by 59.7% during the third quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock valued at $36,480,000 after buying an additional 376,533 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Radian Group by 125.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 550,634 shares of the insurance provider’s stock valued at $19,817,000 after buying an additional 306,282 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Radian Group Stock Performance
Shares of NYSE RDN traded up $0.12 during trading on Friday, reaching $37.78. 574,177 shares of the company traded hands, compared to its average volume of 1,192,084. The firm has a 50 day simple moving average of $36.09 and a 200-day simple moving average of $34.81. Radian Group has a 52-week low of $31.50 and a 52-week high of $38.90. The stock has a market capitalization of $5.02 billion, a PE ratio of 9.30, a P/E/G ratio of 0.95 and a beta of 0.72. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.
Radian Group (NYSE:RDN – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The company had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities research analysts anticipate that Radian Group will post 5.17 earnings per share for the current year.
Radian Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 2nd. Radian Group’s payout ratio is presently 25.12%.
About Radian Group
Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.
Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.
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