Radian Group Stock Price, News & Analysis (NYSE:RDN)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Radian Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12-month target prices for Radian Group's shares. Their RDN share price targets range from $24.00 to $29.00. On average, they predict the company's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
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Radian Group's stock was trading at $19.07 on January 1st, 2023. Since then, RDN shares have increased by 35.4% and is now trading at $25.82.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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Radian Group Inc. (NYSE:RDN) issued its quarterly earnings results on Wednesday, November, 1st. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.25. The insurance provider earned $313.50 million during the quarter, compared to analysts' expectations of $313.17 million. Radian Group had a net margin of 50.66% and a trailing twelve-month return on equity of 15.63%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share.

Radian Group declared a quarterly dividend on Wednesday, November 15th. Stockholders of record on Monday, November 27th will be given a dividend of $0.225 per share on Tuesday, December 12th. This represents a $0.90 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, November 24th.
Read our dividend analysis for RDN.

Radian Group (NYSE:RDN) pays an annual dividend of $0.90 per share and currently has a dividend yield of 3.56%. 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 23.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RDN will have a dividend payout ratio of 27.03% next year. This indicates that the company will be able to sustain or increase its dividend.
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 declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 9th 2022, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are 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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (6.68%), FMR LLC (4.64%), LSV Asset Management (4.43%), Charles Schwab Investment Management Inc. (2.59%), Morgan Stanley (1.78%) and Fuller & Thaler Asset Management Inc. (1.76%). Insiders that own company stock include Brien Mcmahon, Derek Brummer, Edward J Hoffman, Edward J Hoffman, Eric Ray, Gregory Serio, Howard Bernard Culang, Lisa Mumford, Lisa W Hess, Mary Dickerson, Noel Joseph Spiegel, Richard G Thornberry and Thomas Cortese.
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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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