NYSE:RDN - Radian 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. Since then, RDN stock has decreased by 31.1% and is now trading at $12.95. 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) released its quarterly earnings results on Wednesday, February, 5th. The insurance provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The insurance provider earned $388.02 million during the quarter, compared to analysts' expectations of $365.43 million. Radian Group had a net margin of 44.03% and a return on equity of 17.37%. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. View Radian Group's earnings history.

Radian Group declared a quarterly dividend on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, February 21st. This is a boost from Radian Group's previous quarterly dividend of $0.00. View Radian Group's dividend history.

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

6 equities research analysts have issued 12-month 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 year. This suggests a possible upside of 115.6% from the stock's current price. View analysts' price targets for Radian Group.

News stories about RDN stock have been trending positive on Tuesday, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Radian Group earned a news impact score of 3.0 on InfoTrie's scale. They also gave media coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutRadian Group.

Radian Group saw a increase in short interest in the month of 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 trading volume of 1,480,000 shares, the short-interest ratio is presently 2.5 days. Approximately 1.9% of the company's 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), 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."

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 $12.95.

Radian Group has a market capitalization of $2.57 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]