Shares of Radian Group Inc (NYSE:RDN) have received a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.68.
Several equities analysts have recently weighed in on RDN shares. Wells Fargo & Company started coverage on shares of Radian Group in a report on Tuesday, November 28th. They set a “market perform” rating and a $22.00 target price for the company. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, October 10th. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Deutsche Bank lowered shares of Radian Group from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a report on Friday, November 3rd. Finally, B. Riley reissued a “buy” rating on shares of Radian Group in a report on Monday, November 6th.
A number of hedge funds and other institutional investors have recently modified their holdings of RDN. Aperio Group LLC increased its holdings in Radian Group by 13.1% in the 2nd quarter. Aperio Group LLC now owns 37,316 shares of the insurance provider’s stock worth $610,000 after acquiring an additional 4,324 shares in the last quarter. NGAM Advisors L.P. boosted its stake in Radian Group by 541.0% during the 2nd quarter. NGAM Advisors L.P. now owns 111,497 shares of the insurance provider’s stock worth $1,823,000 after purchasing an additional 94,102 shares during the last quarter. Sei Investments Co. boosted its stake in Radian Group by 15.0% during the 2nd quarter. Sei Investments Co. now owns 406,858 shares of the insurance provider’s stock worth $6,653,000 after purchasing an additional 53,130 shares during the last quarter. TD Asset Management Inc. boosted its stake in Radian Group by 10.2% during the 2nd quarter. TD Asset Management Inc. now owns 70,100 shares of the insurance provider’s stock worth $1,146,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Radian Group by 106.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 98,100 shares of the insurance provider’s stock worth $1,604,000 after purchasing an additional 50,600 shares during the last quarter. 91.56% of the stock is owned by institutional investors.
Radian Group (NYSE:RDN) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $312.05 million during the quarter, compared to analyst estimates of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. equities research analysts forecast that Radian Group will post 1.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Monday, November 27th were issued a $0.002 dividend. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date was Friday, November 24th. Radian Group’s payout ratio is presently 1.28%.
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About Radian Group
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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