Radian Group Inc. (RDN) Given a $22.00 Price Target at BTIG Research
A number of other brokerages have also issued reports on RDN. Zacks Investment Research raised shares of Radian Group from a sell rating to a hold rating in a research note on Wednesday, August 31st. TheStreet raised shares of Radian Group from a hold rating to a buy rating in a research note on Thursday, August 11th. Finally, FBR & Co lifted their target price on shares of Radian Group from $14.00 to $16.00 and gave the company an outperform rating in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Radian Group currently has a consensus rating of Buy and a consensus target price of $17.00.
Radian Group (NYSE:RDN) opened at 13.53 on Thursday. The stock has a market capitalization of $2.90 billion, a PE ratio of 10.14 and a beta of 2.27. The firm has a 50-day moving average of $13.42 and a 200-day moving average of $12.22. Radian Group has a 52-week low of $9.29 and a 52-week high of $17.00.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Radian Group had a net margin of 25.42% and a return on equity of 12.64%. The firm earned $330.20 million during the quarter, compared to analyst estimates of $224.68 million. During the same quarter last year, the business posted $0.40 EPS. On average, equities analysts expect that Radian Group will post $1.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 22nd were paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend was Thursday, August 18th. Radian Group’s payout ratio is presently 0.75%.
In other news, EVP Derek Brummer bought 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were purchased at an average price of $12.87 per share, for a total transaction of $205,920.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.83% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in RDN. State Street Corp increased its position in shares of Radian Group by 11.6% in the first quarter. State Street Corp now owns 6,701,250 shares of the company’s stock valued at $83,095,000 after buying an additional 699,185 shares during the period. Norges Bank purchased a new position in shares of Radian Group during the fourth quarter valued at approximately $19,471,000. BNP Paribas Arbitrage SA increased its position in shares of Radian Group by 13.2% in the second quarter. BNP Paribas Arbitrage SA now owns 153,714 shares of the company’s stock valued at $1,602,000 after buying an additional 17,935 shares during the period. Legal & General Group Plc increased its position in shares of Radian Group by 10.6% in the first quarter. Legal & General Group Plc now owns 43,015 shares of the company’s stock valued at $532,000 after buying an additional 4,119 shares during the period. Finally, Sadoff Investment Management LLC increased its position in shares of 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. Hedge funds and other institutional investors own 93.40% 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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