Radian Group Inc. (NYSE:RDN) Receives $17.36 Average Target Price from Analysts
Shares of Radian Group Inc. (NYSE:RDN) have received a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.36.
RDN has been the topic of a number of recent research reports. Zacks Investment Research raised Radian Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. BTIG Research set a $22.00 target price on Radian Group and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, FBR & Co lifted their target price on Radian Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, July 29th.
Radian Group (NYSE:RDN) opened at 13.69 on Monday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.26 and a beta of 2.27. Radian Group has a 52 week low of $9.29 and a 52 week high of $17.00. The company has a 50 day moving average price of $13.46 and a 200-day moving average price of $12.23.
Radian Group (NYSE:RDN) last announced its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. Radian Group had a return on equity of 12.64% and a net margin of 25.42%. The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $224.68 million. During the same quarter last year, the firm earned $0.40 EPS. Equities analysts predict that Radian Group will post $1.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.0025 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.01 annualized dividend and a dividend yield of 0.07%. Radian Group’s dividend payout ratio is currently 0.75%.
In other Radian Group news, EVP Derek Brummer bought 16,000 shares of Radian Group stock in a transaction dated Wednesday, August 10th. The stock was bought at an average cost of $12.87 per share, for a total transaction of $205,920.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.83% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Radian Group during the fourth quarter valued at about $19,471,000. Sadoff Investment Management LLC increased its stake in Radian Group by 14.5% in the first quarter. Sadoff Investment Management LLC now owns 905,110 shares of the company’s stock valued at $11,223,000 after buying an additional 114,500 shares during the period. Quantitative Systematic Strategies LLC increased its stake in Radian Group by 165.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 61,152 shares of the company’s stock valued at $752,000 after buying an additional 38,118 shares during the period. Glenmede Trust Co. NA increased its stake in Radian Group by 3.9% in the first quarter. Glenmede Trust Co. NA now owns 2,674,013 shares of the company’s stock valued at $33,156,000 after buying an additional 100,284 shares during the period. Finally, Virginia Retirement System purchased a new stake in Radian Group during the first quarter valued at about $284,000. Institutional investors and hedge funds own 93.38% of the company’s stock.
About Radian Group
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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