Radian Group Inc (NYSE:RDN) has been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.50.
A number of brokerages have recently commented on RDN. MKM Partners lifted their price target on Radian Group to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research lowered Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Compass Point reissued a “buy” rating and set a $30.00 price target (up from $26.50) on shares of Radian Group in a research note on Thursday, May 2nd. Finally, Bank of America reissued a “buy” rating and set a $27.00 price target (up from $23.00) on shares of Radian Group in a research note on Wednesday, May 1st.
Shares of RDN stock traded up $0.01 during mid-day trading on Friday, reaching $22.89. 117,761 shares of the stock traded hands, compared to its average volume of 1,207,314. Radian Group has a 1-year low of $14.77 and a 1-year high of $24.62. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.62 and a beta of 1.56. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.28.
Radian Group (NYSE:RDN) last announced its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Radian Group had a return on equity of 17.82% and a net margin of 49.25%. The firm had revenue of $363.63 million for the quarter, compared to analyst estimates of $342.44 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, sell-side analysts predict that Radian Group will post 2.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, May 23rd. Radian Group’s dividend payout ratio is currently 0.37%.
Several institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC lifted its stake in shares of Radian Group by 2.5% in the first quarter. Clearbridge Investments LLC now owns 773,170 shares of the insurance provider’s stock worth $16,036,000 after acquiring an additional 19,050 shares during the period. HighTower Advisors LLC bought a new stake in Radian Group in the first quarter worth approximately $2,207,000. Zebra Capital Management LLC increased its holdings in Radian Group by 30.2% in the first quarter. Zebra Capital Management LLC now owns 19,504 shares of the insurance provider’s stock worth $405,000 after purchasing an additional 4,523 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Radian Group by 232.7% in the first quarter. Schonfeld Strategic Advisors LLC now owns 98,300 shares of the insurance provider’s stock worth $2,039,000 after purchasing an additional 68,757 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in Radian Group in the first quarter worth approximately $258,000. 94.03% of the stock is currently owned by institutional investors.
Radian Group Company Profile
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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