NYSE:RDNRadian Group Stock Price, Forecast & News

Radian Group's stock was trading at $18.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RDN shares have decreased by 23.8% and is now trading at $14.33. 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) posted its quarterly earnings results on Wednesday, May, 6th. The insurance provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. The insurance provider earned $329.08 million during the quarter, compared to analysts' expectations of $366.38 million. Radian Group had a return on equity of 17.32% and a net margin of 43.01%. The business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. View Radian Group's earnings history.

Radian Group declared a quarterly dividend on Wednesday, May 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, May 22nd. View Radian Group's dividend history.

Radian Group declared that its Board of Directors has initiated a share buyback program on Thursday, August 16th 2018, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

6 brokerages have issued 12 month price targets for Radian Group's shares. Their forecasts range from $20.00 to $28.00. On average, they anticipate Radian Group's stock price to reach $23.83 in the next year. This suggests a possible upside of 66.3% from the stock's current price. View analysts' price targets for Radian Group.

News headlines about RDN stock have been trending negative recently, according to InfoTrie. The research group scores the sentiment of 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 -5 to 5, with scores closest to five being the most favorable. Radian Group earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave press 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 impact on the stock's share price in the next few days. View the latest news about Radian Group.

Radian Group saw a increase in short interest in 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 daily trading volume, of 2,540,000 shares, the short-interest ratio is presently 2.0 days. Approximately 2.7% of the shares of the stock are sold short. 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), Lendingtree (TREE), TFS Financial (TFSL), 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 $14.33.

Radian Group has a market capitalization of $2.73 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]