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. Since then, RDN shares have decreased by 29.6% and is now trading at $13.24. 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) issued its quarterly earnings data on Wednesday, February, 5th. The insurance provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The insurance provider had revenue of $388.02 million for the quarter, compared to the consensus estimate of $365.43 million. Radian Group had a net margin of 44.03% and a return on equity of 17.37%. The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. 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 paid a dividend of $0.125 per share on Friday, March 6th. This represents a $0.50 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend 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 announced that its Board of Directors has initiated a share repurchase program on Thursday, August 16th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 2.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

6 brokers have issued 12 month price objectives for Radian Group's stock. Their forecasts range from $20.00 to $33.50. On average, they anticipate Radian Group's stock price to reach $27.92 in the next twelve months. This suggests a possible upside of 110.9% from the stock's current price. View analysts' price targets for Radian Group.

News articles about RDN stock have trended very negative recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. 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 media sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutRadian Group.

Radian Group saw a increase in short interest during 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. Currently, 1.9% of the shares of the company 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), Washington Federal (WAFD), Lendingtree (TREE), MGIC Investment (MTG), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), Northwest Bancshares (NWBI), WSFS Financial (WSFS), OceanFirst Financial (OCFC), Oritani Financial (ORIT), Provident Financial Services (PFS), Brookline Bancorp (BRKL) and Walker & Dunlop (WD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Radian Group investors own include Ford Motor (F), Energy Transfer LP Unit (ET), Micron Technology (MU), CBL & Associates Properties (CBL), NVIDIA (NVDA), Alibaba Group (BABA), Bank of America (BAC), Citigroup (C), MGIC Investment (MTG) 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 $13.24.

Radian Group has a market capitalization of $2.63 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]