Shares of Radian Group Inc (NYSE:RDN) have been given a consensus rating of “Buy” by the fourteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $24.39.
Several equities analysts have issued reports on RDN shares. Royal Bank of Canada started coverage on Radian Group in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $26.00 price objective for the company. Wells Fargo reiterated a “hold” rating on shares of Radian Group in a research report on Thursday, January 18th. ValuEngine downgraded Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. BTIG Research reissued a “buy” rating and issued a $26.00 target price (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Thursday, January 4th.
RDN stock traded up $0.55 on Wednesday, reaching $18.86. The company’s stock had a trading volume of 1,054,383 shares, compared to its average volume of 1,515,945. The firm has a market cap of $4,011.71, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.28. Radian Group has a 12-month low of $15.58 and a 12-month high of $23.49.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million during the quarter, compared to the consensus estimate of $322.32 million. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. equities research analysts expect that Radian Group will post 2.41 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a $0.0025 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.00. This represents a $0.01 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is 1.85%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Radian Group by 2.7% during the fourth quarter. BlackRock Inc. now owns 14,438,816 shares of the insurance provider’s stock worth $297,583,000 after purchasing an additional 377,393 shares during the period. Investec Asset Management LTD lifted its holdings in Radian Group by 23.0% during the fourth quarter. Investec Asset Management LTD now owns 4,362,115 shares of the insurance provider’s stock worth $89,903,000 after acquiring an additional 815,149 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in Radian Group by 3.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,842,363 shares of the insurance provider’s stock worth $58,582,000 after acquiring an additional 103,941 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Radian Group by 59.3% during the third quarter. Ameriprise Financial Inc. now owns 2,601,594 shares of the insurance provider’s stock worth $48,623,000 after acquiring an additional 968,914 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Radian Group by 63.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,600 shares of the insurance provider’s stock worth $45,313,000 after acquiring an additional 856,375 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.
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About Radian Group
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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