Radian Group (RDN) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Radian Group in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RDN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RDN, but not buy additional shares or sell existing shares.
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7 analysts have issued 1 year target prices for Radian Group's shares. Their RDN share price forecasts range from $21.00 to $29.00. On average, they predict the company's stock price to reach $25.67 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
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Radian Group's stock was trading at $19.07 at the beginning of the year. Since then, RDN stock has increased by 31.6% and is now trading at $25.09.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our RDN earnings forecast.

Radian Group Inc. (NYSE:RDN) released its quarterly earnings data on Wednesday, August, 2nd. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. The insurance provider had revenue of $278.85 million for the quarter, compared to the consensus estimate of $289.10 million. Radian Group had a net margin of 54.83% and a trailing twelve-month return on equity of 17.30%.

Radian Group announced a quarterly dividend on Wednesday, August 9th. Investors of record on Monday, August 21st will be given a dividend of $0.225 per share on Wednesday, September 6th. This represents a $0.90 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, August 18th.
Read our dividend analysis for RDN.

ETFs with the largest weight of Radian Group (NYSE:RDN) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Quality ETF (XSHQ), SPDR S&P Bank ETF (KBE), JPMorgan Active Small Cap Value ETF (JPSV), Invesco Dorsey Wright Financial Momentum ETF (PFI), Convergence Long/Short Equity ETF (CLSE) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Radian Group (NYSE:RDN) pays an annual dividend of $0.90 per share and currently has a dividend yield of 3.58%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RDN will have a dividend payout ratio of 26.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RDN.

Radian Group announced that its board has initiated a stock repurchase program on Wednesday, February 9th 2022, which allows the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

25 employees have rated Radian Group Chief Executive Officer Richard Thornberry on Glassdoor.com. Richard Thornberry has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Radian Group investors own include Ford Motor (F), Energy Transfer (ET), Alibaba Group (BABA), NVIDIA (NVDA), Citigroup (C), Micron Technology (MU), Advanced Micro Devices (AMD), Bank of America (BAC), Intel (INTC) and Pfizer (PFE).

Radian Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RDN."

Shares of RDN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RDN stock can currently be purchased for approximately $25.09.

Radian Group (NYSE:RDN) has a market capitalization of $3.95 billion and generates $1.19 billion in revenue each year. The insurance provider earns $742.93 million in net income (profit) each year or $4.10 on an earnings per share basis.

The company employs 1,400 workers across the globe.

Radian Group's mailing address is 1500 Market Street, Philadelphia PA, 19102. The official website for the company is www.radian.biz. The insurance provider can be reached via phone at (800) 523-1988, via email at emily.riley@radian.biz, or via fax at 302-636-5454.