Radian Group (NYSE:RDN) Sets New 12-Month High at $30.02

Shares of Radian Group Inc. (NYSE:RDNGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.02 and last traded at $30.01, with a volume of 184452 shares traded. The stock had previously closed at $29.39.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Radian Group in a research note on Wednesday, November 15th. They issued an “equal weight” rating and a $28.00 target price for the company. UBS Group began coverage on shares of Radian Group in a report on Wednesday, December 6th. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.60.

View Our Latest Stock Analysis on Radian Group

Radian Group Trading Down 0.7 %

The business’s fifty day simple moving average is $28.60 and its 200 day simple moving average is $27.10. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. The stock has a market cap of $4.49 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.01.

Radian Group (NYSE:RDNGet Free Report) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $328.64 million for the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. As a group, analysts expect that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.245 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 23rd. This represents a $0.98 annualized dividend and a yield of 3.31%. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC lifted its stake in shares of Radian Group by 174.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,864 shares of the insurance provider’s stock worth $700,000 after acquiring an additional 17,713 shares during the period. Citigroup Inc. lifted its stake in Radian Group by 55.8% in the second quarter. Citigroup Inc. now owns 144,738 shares of the insurance provider’s stock valued at $3,659,000 after buying an additional 51,818 shares during the period. Panagora Asset Management Inc. lifted its stake in Radian Group by 5.3% in the third quarter. Panagora Asset Management Inc. now owns 39,745 shares of the insurance provider’s stock valued at $998,000 after buying an additional 2,001 shares during the period. Invesco Ltd. lifted its stake in Radian Group by 0.6% in the third quarter. Invesco Ltd. now owns 1,536,521 shares of the insurance provider’s stock valued at $38,582,000 after buying an additional 9,011 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Radian Group by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider’s stock valued at $99,517,000 after buying an additional 116,774 shares during the period. Institutional investors and hedge funds own 96.17% of the company’s stock.

Radian Group Company Profile

(Get Free Report)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.

Further Reading

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