Radian Group (NYSE:RDN) declared that its Board of Directors has approved a share buyback program, which permits the company to buyback $100.00 million in shares on Thursday, August 16th. This buyback authorization permits the insurance provider to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Shares of RDN opened at $20.04 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.25 billion, a PE ratio of 8.85, a P/E/G ratio of 1.57 and a beta of 1.47. Radian Group has a 52-week low of $14.06 and a 52-week high of $23.49.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, July 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.09. The business had revenue of $319.30 million during the quarter, compared to the consensus estimate of $320.34 million. Radian Group had a net margin of 31.87% and a return on equity of 16.10%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. equities research analysts forecast that Radian Group will post 2.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Monday, August 27th will be issued a $0.0025 dividend. The ex-dividend date of this dividend is Friday, August 24th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. Radian Group’s dividend payout ratio is presently 0.55%.

A number of brokerages have commented on RDN. TheStreet upgraded shares of Radian Group from a “c+” rating to a “b-” rating in a research report on Tuesday, July 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $21.00 price target on shares of Radian Group in a report on Friday, July 27th. B. Riley increased their price target on shares of Radian Group from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Bank of America increased their price target on shares of Radian Group from $13.00 to $23.00 and gave the company a “buy” rating in a report on Monday, August 13th. Finally, ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Radian Group presently has an average rating of “Buy” and an average price target of $23.11.

Radian Group Company Profile

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

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