Shares of Radian Group Inc. (NYSE:RDN) have received a consensus rating of “Buy” from the fifteen analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.36.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Radian Group from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet upgraded Radian Group from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. BTIG Research restated a “buy” rating on shares of Radian Group in a report on Friday, July 22nd. Finally, FBR & Co restated a “market perform” rating and set a $14.00 price objective on shares of Radian Group in a report on Wednesday, June 15th.
Radian Group (NYSE:RDN) opened at 13.69 on Monday. Radian Group has a 12 month low of $9.29 and a 12 month high of $17.00. The firm has a market capitalization of $2.93 billion, a PE ratio of 10.26 and a beta of 2.27. The firm’s 50-day moving average is $13.46 and its 200-day moving average is $12.23.
Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Radian Group had a net margin of 25.42% and a return on equity of 12.64%. The firm had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $224.68 million. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts expect that Radian Group will post $1.55 EPS 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 issued a $0.0025 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.07%. Radian Group’s dividend payout ratio is 0.75%.
In other news, EVP Derek Brummer purchased 16,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average price of $12.87 per share, with a total value of $205,920.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.83% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in RDN. Mackenzie Financial Corp boosted its stake in shares of Radian Group by 0.3% in the second quarter. Mackenzie Financial Corp now owns 83,251 shares of the company’s stock valued at $867,000 after buying an additional 263 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock valued at $127,000 after buying an additional 274 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of Radian Group by 3.0% in the second quarter. KCG Holdings Inc. now owns 17,514 shares of the company’s stock valued at $182,000 after buying an additional 517 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Radian Group by 5.8% in the second quarter. Principal Financial Group Inc. now owns 28,781 shares of the company’s stock valued at $300,000 after buying an additional 1,583 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Radian Group by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 153,089 shares of the company’s stock valued at $1,595,000 after buying an additional 1,846 shares during the last quarter. 93.38% of the stock is owned by institutional investors and hedge funds.
Radian Group Company Profile
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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