Radian Group Inc. (NYSE:RDN)‘s stock had its “outperform” rating reissued by equities researchers at FBR & Co in a research report issued to clients and investors on Friday.
RDN has been the subject of several other reports. BTIG Research reiterated a “buy” rating and issued a $22.00 price target on shares of Radian Group in a report on Wednesday, July 6th. Zacks Investment Research downgraded Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Finally, TheStreet upgraded Radian Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.00.
Radian Group (NYSE:RDN) remained flat at $13.52 during mid-day trading on Friday. 733,367 shares of the stock traded hands. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 10.13 and a beta of 2.27. The company’s 50-day moving average price is $13.53 and its 200-day moving average price is $12.27. Radian Group has a 52-week low of $9.29 and a 52-week high of $17.00.
Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Radian Group had a return on equity of 12.64% and a net margin of 25.42%. The firm earned $330.20 million during the quarter, compared to the consensus estimate of $224.68 million. During the same period in the prior year, the firm earned $0.40 EPS. Equities research analysts forecast that Radian Group will post $1.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 22nd were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend was Thursday, August 18th. Radian Group’s dividend payout ratio (DPR) is presently 0.75%.
In related news, EVP Derek Brummer bought 16,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was bought at an average cost of $12.87 per share, with a total value of $205,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.83% of the company’s stock.
Several institutional investors have recently bought and sold shares of RDN. Sullivan Bruyette Speros & Blaney Inc. bought a new position in Radian Group during the second quarter valued at approximately $104,000. Landscape Capital Management L.L.C. bought a new position in Radian Group during the second quarter valued at approximately $106,000. Fox Run Management L.L.C. bought a new position in Radian Group during the second quarter valued at approximately $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, Nuveen Asset Management LLC raised its position in 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 period. 93.38% 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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