Radian Group Inc. (NYSE:RDN) shares traded 1.74% higher at $27.48 on Wall Street last session.
In accordance with the data, 8 analysts cover Radian Group Inc. (NYSE:RDN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $23.00, we find $28.25. Given the previous closing price of $27.01, this indicates a potential upside of 4.59 percent. RDN stock price is now 6.54% away from the 50-day moving average and 23.04% away from the 200-day moving average. The market capitalization of the company currently stands at $4.28B.
It has been rated a hold by 5 analysts and a buy by 2. Brokers who have rated the stock have averaged $28.42 as their price target over the next twelve months.
With the price target maintained at $27.50, Keefe Bruyette recently Downgraded its rating from Outperform to Mkt Perform for Radian Group Inc. (NYSE: RDN).
In other news, Hoffman Edward J, Sr. EVP, General Counsel sold 30,000 shares of the company’s stock on Jun 05. The stock was sold for $779,400 at an average price of $25.98. Upon completion of the transaction, the Sr. EVP, General Counsel now directly owns 124,784 shares in the company, valued at $3.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30, Director Mumford Lisa sold 2,830 shares of the business’s stock. A total of $73,071 was realized by selling the stock at an average price of $25.82. This leaves the insider owning 16,492 shares of the company worth $0.45 million. Insiders disposed of 504,869 shares of company stock worth roughly $13.87 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RDN stock. A new stake in Radian Group Inc. shares was purchased by CAPITAL INTERNATIONAL INVESTORS during the first quarter worth $26,416,000. PUBLIC SECTOR PENSION INVESTMENT BOARD invested $7,591,000 in shares of RDN during the first quarter. In the first quarter, GREAT LAKES ADVISORS, LLC acquired a new stake in Radian Group Inc. valued at approximately $5,323,000. COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS acquired a new stake in RDN for approximately $4,570,000. TEXAS PERMANENT SCHOOL FUND CORP purchased a new stake in RDN valued at around $3,876,000 in the second quarter. In total, there are 390 active investors with 99.00% ownership of the company’s stock.
Radian Group Inc. (NYSE: RDN) opened at $27.10 on Thursday. During the past 12 months, Radian Group Inc. has had a low of $17.83 and a high of $27.39. According to the stock market information, the enterprise value for the company is $5.57B, which is based on a 6.34 price-to-earnings ratio, a 3.08 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for RDN is $25.83 and a two-hundred day moving average price translates $22.38 for the stock.
The latest earnings results from Radian Group Inc. (NYSE: RDN) was released for Jun, 2023. The net profit margin was 59.50% and return on equity was 18.30% for RDN. For the current quarter, analysts expect RDN to generate $259.48M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/14/2023. Investors who held shares on 05/30/2023 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 3.28% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend. In terms of dividend payout ratio, RDN is presently at 18.80%.
Radian Group Inc.(RDN) Company Profile
Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions. This segment primarily serves mortgage originators, such as mortgage banks, commercial banks, savings institutions, credit unions, and community banks. The Homegenius segment offers title services, including a suite of insurance and non-insurance title, tax and title data, centralized recording, document retrieval and default curative title services, and deed and property reports, as well as closing and settlement services comprising electronic execution and traditional signing services; real estate valuation products and services; and asset management services, as well as a suite of real estate technology products and services to facilitate real estate transactions, such as software as a service solutions. This segment serves consumers, mortgage lenders, mortgage and real estate investors, government-sponsored enterprises, and real estate brokers and agents. Radian Group Inc. was founded in 1977 and is headquartered in Wayne, Pennsylvania.
