Shares of Radian Group Inc. (NYSE:RDN) have received an average rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.79.
Several research analysts recently commented on RDN shares. Susquehanna Bancshares Inc set a $22.00 price target on shares of Radian Group and gave the company a “buy” rating in a report on Monday, October 16th. BTIG Research restated a “buy” rating and issued a $22.00 price target on shares of Radian Group in a report on Sunday, October 15th. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, October 10th. ValuEngine lowered shares of Radian Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 7th. Finally, Compass Point upgraded shares of Radian Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.75 to $24.75 in a report on Friday, October 27th.
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Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in shares of Radian Group by 1.4% during the second quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock worth $449,000 after buying an additional 376 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Radian Group by 2.9% during the second quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock worth $283,000 after buying an additional 485 shares in the last quarter. OxFORD Asset Management LLP grew its position in shares of Radian Group by 3.6% during the second quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock worth $259,000 after buying an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Radian Group by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock worth $2,715,000 after buying an additional 766 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 803 shares during the period. 91.33% of the stock is owned by institutional investors and hedge funds.
Shares of Radian Group (NYSE:RDN) traded up $0.01 during mid-day trading on Thursday, hitting $21.02. 955,007 shares of the stock traded hands, compared to its average volume of 1,666,196. The stock has a market cap of $4,530.00, a price-to-earnings ratio of 12.13, a P/E/G ratio of 2.37 and a beta of 1.59. Radian Group has a 1-year low of $14.39 and a 1-year high of $21.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million for the quarter, compared to analyst estimates of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. equities analysts expect that Radian Group will post 1.76 earnings per share for the current year.
Radian Group announced that its board has authorized a share repurchase program on Wednesday, August 9th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the insurance provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be given a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Friday, November 24th. Radian Group’s payout ratio is currently 1.27%.
Radian Group Company Profile
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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