Radian Group Inc. (RDN) Upgraded at BidaskClub
Radian Group Inc. (NYSE:RDN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
RDN has been the topic of a number of other research reports. Zacks Investment Research raised Radian Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, March 29th. Deutsche Bank AG dropped their price objective on Radian Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of Radian Group in a research report on Tuesday, May 30th. FBR & Co increased their target price on Radian Group from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Finally, ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Radian Group currently has a consensus rating of “Buy” and an average target price of $20.88.
Radian Group (NYSE RDN) traded up 1.24% during trading on Tuesday, reaching $17.15. The company had a trading volume of 1,412,801 shares. The company has a market capitalization of $3.69 billion, a PE ratio of 12.02 and a beta of 1.75. The firm’s 50 day moving average is $16.80 and its 200 day moving average is $17.71. Radian Group has a one year low of $9.29 and a one year high of $19.87.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, April 27th. The insurance provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $288.80 million for the quarter, compared to analysts’ expectations of $304.96 million. Radian Group had a net margin of 26.23% and a return on equity of 12.26%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. On average, equities research analysts predict that Radian Group will post $1.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were issued a $0.0025 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.06%. Radian Group’s payout ratio is 0.70%.
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Several large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Radian Group during the first quarter worth approximately $114,000. CAMG Solamere Management LLC purchased a new position in Radian Group during the fourth quarter valued at about $201,000. Cambridge Investment Research Advisors Inc. purchased a new position in Radian Group during the first quarter valued at about $253,000. Meeder Asset Management Inc. purchased a new position in Radian Group during the first quarter valued at about $271,000. Finally, Stevens Capital Management LP purchased a new position in Radian Group during the first quarter valued at about $272,000. 92.59% of the stock is owned by institutional investors and hedge funds.
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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