Macquarie began coverage on shares of Radian Group (NYSE:RDN) in a report released on Wednesday, March 14th, Marketbeat.com reports. The firm issued a neutral rating on the insurance provider’s stock.
Several other research firms have also recently weighed in on RDN. Wells Fargo started coverage on shares of Radian Group in a report on Tuesday, November 28th. They issued a market perform rating and a $22.00 price target on the stock. Zacks Investment Research raised shares of Radian Group from a hold rating to a strong-buy rating and set a $24.00 price target on the stock in a report on Thursday, January 4th. Deutsche Bank raised shares of Radian Group from a hold rating to a buy rating and upped their price target for the stock from $24.00 to $28.00 in a report on Monday, January 8th. BTIG Research reaffirmed a buy rating and issued a $26.00 price target (up previously from $22.00) on shares of Radian Group in a report on Wednesday, December 20th. Finally, B. Riley cut shares of Radian Group from a buy rating to a neutral rating and set a $22.00 price target on the stock. in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Radian Group currently has a consensus rating of Buy and a consensus target price of $24.48.
Radian Group stock traded down $0.20 during trading on Wednesday, hitting $19.14. The stock had a trading volume of 1,637,667 shares, compared to its average volume of 2,327,531. Radian Group has a 1 year low of $15.58 and a 1 year high of $23.49. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. The company has a market cap of $4,134.85, a price-to-earnings ratio of 10.52, a PEG ratio of 1.22 and a beta of 1.52.
Radian Group (NYSE:RDN) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.07. The firm had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. equities research analysts forecast that Radian Group will post 2.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date was Friday, February 23rd. This is a boost from Radian Group’s previous quarterly dividend of $0.00. Radian Group’s dividend payout ratio is currently 0.55%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Radian Group by 2.7% during the fourth quarter. BlackRock Inc. now owns 14,438,816 shares of the insurance provider’s stock valued at $297,583,000 after buying an additional 377,393 shares during the period. Investec Asset Management LTD boosted its position in Radian Group by 23.0% during the fourth quarter. Investec Asset Management LTD now owns 4,362,115 shares of the insurance provider’s stock valued at $89,903,000 after buying an additional 815,149 shares during the period. Brandywine Global Investment Management LLC boosted its position in Radian Group by 3.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,842,363 shares of the insurance provider’s stock valued at $58,582,000 after buying an additional 103,941 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Radian Group by 59.3% during the third quarter. Ameriprise Financial Inc. now owns 2,601,594 shares of the insurance provider’s stock worth $48,623,000 after purchasing an additional 968,914 shares during the period. Finally, Rothschild Asset Management Inc. boosted its holdings in shares of Radian Group by 5.7% during the third quarter. Rothschild Asset Management Inc. now owns 2,417,535 shares of the insurance provider’s stock worth $45,184,000 after purchasing an additional 130,796 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.
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About Radian Group
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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