Radian Group (RDN) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Radian Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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7 brokers have issued 1-year price targets for Radian Group's stock. Their RDN share price forecasts range from $21.00 to $29.00. On average, they expect the company's stock price to reach $24.64 in the next year. This suggests that the stock has a possible downside of 5.7%.
View analysts price targets for RDN or view top-rated stocks among Wall Street analysts.

Radian Group's stock was trading at $19.07 at the start of the year. Since then, RDN stock has increased by 37.0% and is now trading at $26.1250.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our RDN earnings forecast.

Radian Group Inc. (NYSE:RDN) issued its quarterly earnings data on Wednesday, May, 3rd. The insurance provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.23. The insurance provider earned $310.62 million during the quarter, compared to analyst estimates of $313.37 million. Radian Group had a net margin of 59.55% and a trailing twelve-month return on equity of 19.90%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS.

Radian Group declared a quarterly dividend on Wednesday, May 17th. Stockholders of record on Tuesday, May 30th will be given a dividend of $0.225 per share on Wednesday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for RDN.

ETFs with the largest weight of Radian Group (NYSE:RDN) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Financials ETF (PSCF), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), SPDR S&P Bank ETF (KBE), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), First Trust Mid Cap Value AlphaDEX Fund (FNK),

Radian Group (NYSE:RDN) pays an annual dividend of $0.90 per share and currently has a dividend yield of 3.52%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RDN will have a dividend payout ratio of 27.86% 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 of Directors has initiated a stock buyback program on Wednesday, February 9th 2022, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is 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 BlackRock Inc. (9.66%), FMR LLC (8.52%), JPMorgan Chase & Co. (8.16%), LSV Asset Management (4.69%), State Street Corp (4.48%) and Dimensional Fund Advisors LP (3.51%). Insiders that own company stock include Brien Mcmahon, Derek Brummer, Edward J Hoffman, Edward J Hoffman, Eric Ray, Gregory Serio, 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 $26.13.

Radian Group (NYSE:RDN) has a market capitalization of $4.08 billion and generates $1.19 billion in revenue each year. The insurance provider earns $742.93 million in net income (profit) each year or $4.34 on an earnings per share basis.

The company employs 1,400 workers across the globe.

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 (800) 523-1988, via email at emily.riley@radian.biz, or via fax at 302-636-5454.