Radian Group - RDN Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Radian Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
View RDN analyst ratings or view top-rated stocks.

5 equities research analysts have issued 1-year price objectives for Radian Group's stock. Their RDN share price forecasts range from $24.00 to $34.00. On average, they expect the company's stock price to reach $28.14 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
View analysts price targets for RDN or view top-rated stocks among Wall Street analysts.

Radian Group's stock was trading at $21.13 at the beginning of the year. Since then, RDN shares have decreased by 0.1% and is now trading at $21.11.
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Radian Group saw a decrease in short interest in August. As of August 31st, there was short interest totaling 4,230,000 shares, a decrease of 26.7% from the August 15th total of 5,770,000 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.6% of the company's shares are sold short.
View Radian Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RDN earnings forecast.

Radian Group Inc. (NYSE:RDN) issued its quarterly earnings data on Monday, August, 1st. The insurance provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.46. The insurance provider had revenue of $286.83 million for the quarter, compared to analyst estimates of $323.39 million. Radian Group had a net margin of 56.45% and a trailing twelve-month return on equity of 19.83%. The business's revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS.

Radian Group declared a quarterly dividend on Wednesday, August 10th. Investors of record on Monday, August 22nd will be paid a dividend of $0.20 per share on Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, August 19th.
Read our dividend analysis for RDN.

Radian Group (NYSE:RDN) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.01%. RDN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RDN will have a dividend payout ratio of 25.32% 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 has initiated a share repurchase plan on Wednesday, February 9th 2022, which allows the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are 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."

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 $21.11.

Radian Group (NYSE:RDN) has a market capitalization of $3.41 billion and generates $1.33 billion in revenue each year. The insurance provider earns $600.67 million in net income (profit) each year or $3.90 on an earnings per share basis.

The company employs 1,800 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 (215) 231-1000, via email at emily.riley@radian.biz, or via fax at 302-636-5454.