Radian Group Inc. (NYSE:RDN) - Investment analysts at B. Riley issued their Q3 2021 EPS estimates for shares of Radian Group in a report released on Wednesday, October 20th. B. Riley analyst C. Johnson forecasts that the insurance provider will post earnings per share of $0.69 for the quarter. B. Riley has a "Buy" rating and a $31.00 price objective on the stock.
A number of other equities research analysts have also commented on the company. Credit Suisse Group upped their target price on Radian Group from $22.50 to $25.00 and gave the company a "neutral" rating in a research report on Monday, October 11th. Zacks Investment Research upgraded Radian Group from a "hold" rating to a "strong-buy" rating and set a $27.00 target price on the stock in a research report on Monday, October 11th. Finally, BTIG Research reiterated a "buy" rating and issued a $29.00 target price on shares of Radian Group in a research report on Friday, October 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Radian Group currently has a consensus rating of "Buy" and an average price target of $27.60.
Shares of NYSE RDN opened at $24.45 on Friday. The business's 50 day moving average price is $23.15 and its 200 day moving average price is $23.08. The firm has a market cap of $4.54 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.56 and a beta of 1.45. Radian Group has a 52 week low of $16.70 and a 52 week high of $25.31. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.36. Radian Group (NYSE:RDN) last posted its quarterly earnings data on Tuesday, August 3rd. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.05. Radian Group had a net margin of 39.97% and a return on equity of 12.44%. The firm had revenue of $291.87 million for the quarter, compared to the consensus estimate of $313.20 million.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Radian Group by 119.5% in the 2nd quarter. Van ECK Associates Corp now owns 2,224 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 1,211 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Radian Group in the 2nd quarter valued at $60,000. Captrust Financial Advisors acquired a new position in Radian Group in the 1st quarter valued at $86,000. Pinz Capital Management LP acquired a new position in Radian Group in the 2nd quarter valued at $91,000. Finally, Mirabella Financial Services LLP acquired a new position in Radian Group in the 1st quarter valued at $209,000. 97.24% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Edward J. Hoffman sold 3,333 shares of the stock in a transaction that occurred on Friday, October 1st. The stock was sold at an average price of $22.81, for a total transaction of $76,025.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Edward J. Hoffman sold 14,364 shares of the stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $23.44, for a total value of $336,692.16. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 2nd. Shareholders of record on Monday, August 23rd were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 20th. This represents a $0.56 annualized dividend and a yield of 2.29%. Radian Group's dividend payout ratio is presently 32.18%.
About Radian Group
Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
See Also: Return on Equity (ROE)
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