NYSE:RDNRadian Group Stock Price, Forecast & News

Radian Group's stock was trading at $18.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RDN shares have decreased by 20.1% and is now trading at $15.03. View which stocks have been most 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 Wednesday, July 29th 2020. View our earnings forecast for Radian Group.

Radian Group Inc (NYSE:RDN) issued its earnings results on Wednesday, May, 6th. The insurance provider reported $0.80 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.06. The insurance provider earned $329.08 million during the quarter, compared to analyst estimates of $366.38 million. Radian Group had a return on equity of 17.32% and a net margin of 43.01%. The firm's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. View Radian Group's earnings history.

Radian Group announced a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.125 per share on Friday, June 5th. This represents a $0.50 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, May 22nd. View Radian Group's dividend history.

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

6 brokerages have issued twelve-month price targets for Radian Group's shares. Their forecasts range from $20.00 to $28.00. On average, they anticipate Radian Group's share price to reach $23.83 in the next year. This suggests a possible upside of 58.6% from the stock's current price. View analysts' price targets for Radian Group.

Media stories about RDN stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Radian Group earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the insurance provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news about Radian Group.

Radian Group saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,140,000 shares, an increase of 6.0% from the May 31st total of 4,850,000 shares. Based on an average trading volume of 2,540,000 shares, the short-interest ratio is presently 2.0 days. Currently, 2.7% of the shares of the stock are short sold. 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), Lendingtree (TREE), MGIC Investment (MTG), Washington Federal (WAFD), Simply Good Foods (SMPL), EverBank Financial (EVER), Walker & Dunlop (WD), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Provident Financial Services (PFS) and Oritani Financial (ORIT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Radian Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Ford Motor (F), Energy Transfer LP Unit (ET), Micron Technology (MU), Citigroup (C), CBL & Associates Properties (CBL), Intel (INTC), Bank of America (BAC) and Walt Disney (DIS).

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

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 $15.03.

Radian Group has a market capitalization of $2.86 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.

The official website for Radian Group is 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]