Radian Group Inc (RDN) Given Buy Rating at Keefe, Bruyette & Woods
Radian Group Inc (NYSE:RDN)‘s stock had its “buy” rating reissued by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday. They currently have a $21.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 26.89% from the stock’s previous close.
Several other brokerages also recently commented on RDN. FBR & Co increased their price objective on shares of Radian Group from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Zacks Investment Research downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Finally, Deutsche Bank AG cut their price objective on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.88.
Radian Group (NYSE RDN) opened at 16.55 on Tuesday. The company’s 50-day moving average is $17.40 and its 200 day moving average is $17.59. The stock has a market capitalization of $3.56 billion, a PE ratio of 11.60 and a beta of 2.25. Radian Group has a 12-month low of $9.29 and a 12-month high of $19.87.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, April 27th. The insurance provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.06. Radian Group had a net margin of 24.89% and a return on equity of 12.69%. The firm had revenue of $288.80 million for the quarter, compared to analysts’ expectations of $304.96 million. During the same period last year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities research analysts expect that Radian Group will post $1.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 22nd will be issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date of this dividend is Thursday, May 18th. Radian Group’s payout ratio is presently 0.73%.
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Several hedge funds have recently made changes to their positions in RDN. Beacon Capital Management bought a new stake in shares of Radian Group during the fourth quarter worth about $0. Sullivan Bruyette Speros & Blaney Inc. bought a new stake in shares of Radian Group during the second quarter worth about $104,000. Quantbot Technologies LP bought a new stake in shares of Radian Group during the first quarter worth about $114,000. Fox Run Management L.L.C. bought a new stake in shares of Radian Group during the second quarter worth about $126,000. Finally, Genesee Valley Trust Co. increased 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 insurance provider’s stock worth $127,000 after buying an additional 274 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.
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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