Radian Group - RDN Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Radian Group in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RDN shares.
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5 analysts have issued twelve-month price targets for Radian Group's shares. Their RDN share price forecasts range from $22.50 to $26.00. On average, they anticipate the company's share price to reach $24.17 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
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Radian Group's stock was trading at $21.13 at the start of the year. Since then, RDN shares have decreased by 12.7% and is now trading at $18.44.
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Radian Group saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 6,570,000 shares, an increase of 27.3% from the October 15th total of 5,160,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the short-interest ratio is presently 4.9 days. Approximately 4.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our RDN earnings forecast.

Radian Group Inc. (NYSE:RDN) issued its quarterly earnings data on Tuesday, November, 2nd. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.04. The insurance provider had revenue of $285.89 million for the quarter, compared to analyst estimates of $328.60 million. Radian Group had a trailing twelve-month return on equity of 22.71% and a net margin of 63.74%. During the same period last year, the firm earned $0.59 EPS.

Radian Group declared a quarterly dividend on Wednesday, November 9th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.20 per share on Friday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, November 18th.
Read our dividend analysis for RDN.

Radian Group (NYSE:RDN) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.21%. RDN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RDN will have a dividend payout ratio of 25.32% 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 authorized a stock repurchase plan on Wednesday, February 9th 2022, which permits the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors 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."

Radian Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.58%), BlackRock Inc. (8.64%), LSV Asset Management (4.66%), Dimensional Fund Advisors LP (3.72%), State Street Corp (3.30%) and Thrivent Financial for Lutherans (2.75%). Insiders that own company stock include Brien Mcmahon, Edward J Hoffman, Edward J Hoffman, Howard Bernard Culang, Lisa Mumford, 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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One share of RDN stock can currently be purchased for approximately $18.44.

Radian Group (NYSE:RDN) has a market capitalization of $2.90 billion and generates $1.33 billion in revenue each year. The insurance provider earns $600.67 million in net income (profit) each year or $4.43 on an earnings per share basis.

The company employs 1,800 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 (215) 231-1000, via email at emily.riley@radian.biz, or via fax at 302-636-5454.