A number of other research analysts also recently commented on the stock. BTIG Research reaffirmed a buy rating and issued a $22.00 price target on shares of Radian Group in a report on Wednesday, July 6th. TheStreet raised shares of Radian Group from a hold rating to a buy rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research downgraded shares of Radian Group from a hold rating to a sell rating in a research note on Wednesday, September 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Radian Group has a consensus rating of Buy and a consensus target price of $17.00.
Radian Group (NYSE:RDN) opened at 13.74 on Friday. The stock has a 50 day moving average price of $13.57 and a 200 day moving average price of $12.30. Radian Group has a 12-month low of $9.29 and a 12-month high of $17.00. The stock has a market cap of $2.95 billion, a P/E ratio of 10.30 and a beta of 2.27.
Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. Radian Group had a net margin of 25.42% and a return on equity of 12.64%. The firm earned $330.20 million during the quarter, compared to the consensus estimate of $224.68 million. During the same quarter last year, the firm earned $0.40 EPS. On average, analysts forecast that Radian Group will post $1.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 22nd were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.07%. The ex-dividend date was Thursday, August 18th. Radian Group’s payout ratio is 0.75%.
In other Radian Group news, EVP Derek Brummer acquired 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average cost of $12.87 per share, with a total value of $205,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.83% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. LSV Asset Management raised its position in shares of Radian Group by 19.4% in the second quarter. LSV Asset Management now owns 10,842,733 shares of the company’s stock valued at $112,981,000 after buying an additional 1,760,250 shares during the last quarter. Capital Returns Management LLC acquired a new position in shares of Radian Group during the first quarter valued at about $21,076,000. Highbridge Capital Management LLC acquired a new position in shares of Radian Group during the second quarter valued at about $13,854,000. Vanguard Group Inc. raised its position in shares of Radian Group by 8.3% in the second quarter. Vanguard Group Inc. now owns 15,274,403 shares of the company’s stock valued at $159,160,000 after buying an additional 1,171,634 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Radian Group by 193.9% in the first quarter. Teachers Advisors Inc. now owns 1,426,969 shares of the company’s stock valued at $17,694,000 after buying an additional 941,411 shares during the last quarter. 93.38% of the stock is currently owned by institutional investors.
About Radian Group
Radian Group Inc is a 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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