Radian Group - RDN Stock Forecast, Price & News

5 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, 2 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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5 Wall Street analysts have issued 12-month target prices for Radian Group's shares. Their RDN share price forecasts range from $22.50 to $34.00. On average, they predict the company's share price to reach $27.64 in the next year. This suggests a possible upside of 18.2% 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 stock has increased by 10.7% and is now trading at $23.39.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RDN earnings forecast.

Radian Group Inc. (NYSE:RDN) announced its quarterly earnings data on Monday, August, 1st. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.60. The insurance provider earned $286.83 million during the quarter, compared to analyst estimates of $323.39 million. Radian Group had a net margin of 56.45% and a trailing twelve-month return on equity of 19.83%. The company's revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share.

Radian Group announced a quarterly dividend on Wednesday, August 10th. Stockholders of record on Monday, August 22nd will be paid a dividend of $0.20 per share on Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, August 19th.
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 3.43%. 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 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RDN will have a dividend payout ratio of 26.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RDN.

Radian Group declared that its board has authorized a share buyback plan on Wednesday, February 9th 2022, which allows the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management 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 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 investors include FMR LLC (9.69%), Price T Rowe Associates Inc. MD (3.46%), State Street Corp (3.13%), Thrivent Financial for Lutherans (2.64%), Donald Smith & CO. Inc. (2.00%) and Northern Trust Corp (1.62%). 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 $23.39.

Radian Group (NYSE:RDN) has a market capitalization of $3.78 billion and generates $1.33 billion in revenue each year. The insurance provider earns $600.67 million in net income (profit) each year or $3.90 on an earnings per share basis.

The company employs 1,800 workers across the globe.

Radian Group was founded in 1977.

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.