Shares of Radian Group Inc (NYSE:RDN) have been assigned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.48.
Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, October 10th. Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the stock a “buy” rating in a research note on Monday, October 16th. BTIG Research reaffirmed a “buy” rating and set a $22.00 target price on shares of Radian Group in a report on Sunday, October 15th. Compass Point raised Radian Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.75 to $24.75 in a report on Friday, October 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Radian Group in a report on Thursday, October 26th.
Large investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of Radian Group in the third quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 803 shares during the last quarter. Skba Capital Management LLC acquired a new stake in shares of Radian Group in the second quarter worth approximately $170,000. Zacks Investment Management acquired a new stake in shares of Radian Group in the second quarter worth approximately $175,000. Finally, ETRADE Capital Management LLC acquired a new stake in shares of Radian Group in the second quarter worth approximately $183,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The company had revenue of $312.05 million during the quarter, compared to analysts’ expectations of $321.10 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. equities research analysts predict that Radian Group will post 1.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Monday, November 27th were paid a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Friday, November 24th. Radian Group’s dividend payout ratio is presently 1.28%.
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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