NYSE:RDN - Radian Group Stock Price, Forecast & News

Radian Group's stock was trading at $18.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RDN shares have decreased by 28.1% and is now trading at $13.51. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Radian Group in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Radian Group.

Radian Group is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Radian Group.

Radian Group Inc (NYSE:RDN) posted its quarterly earnings data on Wednesday, February, 5th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.77 by $0.09. The insurance provider earned $388.02 million during the quarter, compared to the consensus estimate of $365.43 million. Radian Group had a return on equity of 17.37% and a net margin of 44.03%. Radian Group's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 EPS. View Radian Group's earnings history.

Radian Group declared a quarterly dividend on Friday, February 14th. Investors of record on Monday, February 24th will be given a dividend of $0.125 per share on Friday, March 6th. This represents a $0.50 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Friday, February 21st. This is a positive change from Radian Group's previous quarterly dividend of $0.00. View Radian Group's dividend history.

Radian Group declared that its board has authorized a stock repurchase plan on Thursday, August 16th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

6 brokerages have issued 1-year price targets for Radian Group's stock. Their forecasts range from $20.00 to $33.50. On average, they expect Radian Group's share price to reach $27.92 in the next twelve months. This suggests a possible upside of 106.6% from the stock's current price. View analysts' price targets for Radian Group.

Press coverage about RDN stock has trended very positive recently, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Radian Group earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutRadian Group.

Radian Group saw a increase in short interest in March. As of March 13th, there was short interest totaling 3,657,400 shares, an increase of 12.5% from the February 27th total of 3,250,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.9% of the company's stock are sold short. View Radian Group's Current Options Chain.

Some companies that are related to Radian Group include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), MGIC Investment (MTG), Lendingtree (TREE), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), Walker & Dunlop (WD), WSFS Financial (WSFS), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Provident Financial Services (PFS), Brookline Bancorp (BRKL) and Oritani Financial (ORIT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Radian Group investors own include Energy Transfer LP Unit (ET), Ford Motor (F), Micron Technology (MU), CBL & Associates Properties (CBL), NVIDIA (NVDA), Alibaba Group (BABA), Bank of America (BAC), MGIC Investment (MTG), Citigroup (C) and Advanced Micro Devices (AMD).

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 retail and institutional investors. Top institutional shareholders include FMR LLC (8.80%), LSV Asset Management (4.21%), State Street Corp (2.56%), Nuveen Asset Management LLC (2.46%), Investec Asset Management LTD (2.04%) and AJO LP (1.59%). Company insiders that own Radian Group stock include Derek Brummer, Edward J Hoffman, Herbert Wender, J Franklin Hall and Richard G Thornberry. View institutional ownership trends for Radian Group.

RDN stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., FMR LLC, Renaissance Technologies LLC, State Street Corp, William Blair Investment Management LLC, Victory Capital Management Inc., Boston Partners, and AJO LP. View insider buying and selling activity for Radian Group.

RDN stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Nuveen Asset Management LLC, Bank of America Corp DE, EJF Capital LLC, Mesirow Financial Investment Management Equity Management, Skandinaviska Enskilda Banken AB publ, Goldman Sachs Group Inc., and Beach Point Capital Management LP. Company insiders that have bought Radian Group stock in the last two years include Derek Brummer, Herbert Wender, J Franklin Hall, and Richard G Thornberry. View insider buying and selling activity for Radian Group.

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

One share of RDN stock can currently be purchased for approximately $13.51.

Radian Group has a market capitalization of $2.68 billion and generates $1.53 billion in revenue each year. The insurance provider earns $672.31 million in net income (profit) each year or $3.21 on an earnings per share basis. Radian Group employs 2,000 workers across the globe. View additional information about Radian Group.

The official website for Radian Group is http://www.radian.biz/.

Radian Group's mailing address is 1500 Market Street, Philadelphia PA, 19102. The insurance provider can be reached via phone at 215-231-1000 or via email at [email protected]