News coverage about Radian Group (NYSE:RDN) has been trending somewhat negative recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Radian Group earned a daily sentiment score of -0.03 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 42.3111528937545 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
Radian Group (NYSE:RDN) traded down $0.01 during trading hours on Thursday, hitting $21.99. 1,431,250 shares of the stock traded hands, compared to its average volume of 1,667,091. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $4,710.10, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.48 and a beta of 1.54. Radian Group has a 52-week low of $15.33 and a 52-week high of $22.24.
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 will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a $0.002 dividend. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date is Friday, November 24th. Radian Group’s payout ratio is presently 1.28%.
Radian Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 9th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
RDN has been the topic of a number of recent analyst reports. ValuEngine cut shares of Radian Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 7th. FBR & Co reissued a “buy” rating on shares of Radian Group in a research report on Thursday, October 26th. Susquehanna Bancshares set a $22.00 price target on shares of Radian Group and gave the stock a “buy” rating in a research report on Monday, October 16th. BTIG Research reissued a “buy” rating and set a $22.00 price target on shares of Radian Group in a research report on Sunday, October 15th. Finally, Compass Point reissued a “neutral” rating and set a $21.25 price target on shares of Radian Group in a research report on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.53.
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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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