Radian Group Inc. (RDN) Receives Consensus Rating of “Buy” from Brokerages
Shares of Radian Group Inc. (NYSE:RDN) have earned an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.00.
A number of brokerages have issued reports on RDN. BidaskClub raised shares of Radian Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Radian Group in a research note on Tuesday, May 30th. Deutsche Bank AG reduced their price objective on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Finally, Zacks Investment Research lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Friday, April 28th.
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Shares of Radian Group (RDN) traded up 0.82% on Monday, hitting $17.14. The company had a trading volume of 591,621 shares. Radian Group has a 12-month low of $9.29 and a 12-month high of $19.87. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 12.01 and a beta of 1.75. The company has a 50 day moving average of $16.63 and a 200-day moving average of $17.74.
Radian Group (NYSE:RDN) last issued its earnings results 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 analyst estimates of $304.96 million. Radian Group had a net margin of 26.23% and a return on equity of 12.26%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. On average, analysts forecast that Radian Group will post $1.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Investors of record on Monday, May 22nd were paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.06%. The ex-dividend date of this dividend was Thursday, May 18th. Radian Group’s payout ratio is presently 0.70%.
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Radian Group during the first quarter valued at about $114,000. CAMG Solamere Management LLC purchased a new position in shares of Radian Group during the fourth quarter valued at approximately $201,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Radian Group during the first quarter valued at approximately $253,000. Meeder Asset Management Inc. purchased a new position in shares of Radian Group during the first quarter valued at approximately $271,000. Finally, Stevens Capital Management LP purchased a new position in shares of Radian Group during the first quarter valued at approximately $272,000. 92.60% 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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