BTIG Research Analysts Give Radian Group Inc. (RDN) a $22.00 Price Target
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Radian Group from a hold rating to a buy rating and set a $10.00 price objective for the company in a report on Tuesday, June 28th. TheStreet upgraded shares of Radian Group from a hold rating to a buy rating in a report on Thursday, August 11th. Finally, FBR & Co reiterated a market perform rating and set a $14.00 price objective on shares of Radian Group in a report on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Radian Group presently has an average rating of Buy and a consensus target price of $17.00.
Radian Group (NYSE:RDN) opened at 13.55 on Thursday. The company’s 50-day moving average is $13.40 and its 200-day moving average is $12.21. Radian Group has a 12 month low of $9.29 and a 12 month high of $17.00. The company has a market cap of $2.90 billion, a P/E ratio of 10.16 and a beta of 2.27.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Radian Group had a net margin of 25.42% and a return on equity of 12.64%. The company earned $330.20 million during the quarter, compared to analyst estimates of $224.68 million. During the same quarter last year, the business posted $0.40 EPS. On average, equities research analysts expect that Radian Group will post $1.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Monday, August 22nd were given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Thursday, August 18th. Radian Group’s dividend payout ratio is presently 0.75%.
In related news, EVP Derek Brummer bought 16,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were bought at an average price of $12.87 per share, with a total value of $205,920.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.83% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in RDN. Sullivan Bruyette Speros & Blaney Inc. bought a new stake in Radian Group during the second quarter valued at $104,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Radian Group during the second quarter valued at approximately $106,000. Fox Run Management L.L.C. acquired a new stake in shares of Radian Group during the second quarter valued at approximately $126,000. Genesee Valley Trust Co. boosted its stake in shares of Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock valued at $127,000 after buying an additional 274 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Radian Group by 16.1% in the second quarter. Nuveen Asset Management LLC now owns 14,254 shares of the company’s stock valued at $149,000 after buying an additional 1,980 shares during the last quarter. 93.40% 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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