FBR & Co Reaffirms Outperform Rating for Radian Group Inc. (RDN)
Radian Group Inc. (NYSE:RDN)‘s stock had its “outperform” rating reissued by analysts at FBR & Co in a report released on Tuesday. They currently have a $19.00 price target on the stock, up from their prior price target of $16.00. FBR & Co’s price objective points to a potential upside of 29.69% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Radian Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 23rd. TheStreet upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Compass Point cut shares of Radian Group from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Friday, October 28th. Bank of America Corp. started coverage on shares of Radian Group in a report on Monday, October 17th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, BTIG Research set a $22.00 price target on shares of Radian Group and gave the company a “buy” rating in a report on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $17.29.
Shares of Radian Group (NYSE:RDN) traded up 0.76% during mid-day trading on Tuesday, reaching $14.65. 3,981,981 shares of the company traded hands. The firm has a 50-day moving average price of $14.05 and a 200 day moving average price of $12.82. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.38 and a beta of 2.30. Radian Group has a 52 week low of $9.29 and a 52 week high of $14.90.
Radian Group (NYSE:RDN) last issued its earnings results on Thursday, October 27th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Radian Group had a net margin of 25.97% and a return on equity of 12.73%. The company had revenue of $320.88 million for the quarter, compared to analysts’ expectations of $229.12 million. During the same period in the prior year, the business earned $0.31 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Radian Group will post $1.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 21st will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date is Thursday, November 17th. Radian Group’s dividend payout ratio is presently 0.70%.
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A number of institutional investors have recently bought and sold shares of the company. Sullivan Bruyette Speros & Blaney Inc. purchased a new position in Radian Group during the second quarter valued at $104,000. Landscape Capital Management L.L.C. purchased a new position in Radian Group during the second quarter valued at $106,000. Fox Run Management L.L.C. purchased a new position in Radian Group during the second quarter valued at $126,000. Genesee Valley Trust Co. raised its position in 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 period. Finally, Profund Advisors LLC purchased a new position in Radian Group during the third quarter valued at $145,000. 93.31% of the stock is owned by institutional investors.
Radian Group Company Profile
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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