News articles about Radian Group (NYSE:RDN) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Radian Group earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.6389411086516 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Radian Group Raises Notes Offering to $450M, Gets Rated – Nasdaq (nasdaq.com)
- MGIC Investment vs. Radian Group: Which Stock Fares Better? – Yahoo Finance (finance.yahoo.com)
- MGIC Investment vs. Radian Group: Which Stock Fares Better? – Nasdaq (nasdaq.com)
- Radian Group Inc. breached its 50 day moving average in a Bullish Manner : RDN-US : September 13, 2017 (finance.yahoo.com)
RDN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Radian Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub downgraded Radian Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of Radian Group in a research note on Tuesday, May 30th. Finally, Barclays PLC restated an “overweight” rating and set a $24.00 target price (down previously from $25.00) on shares of Radian Group in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Radian Group presently has a consensus rating of “Buy” and a consensus target price of $20.75.
Shares of Radian Group (NYSE RDN) opened at 17.30 on Friday. The company’s 50-day moving average price is $17.19 and its 200 day moving average price is $17.37. The company has a market cap of $3.72 billion, a P/E ratio of 19.86 and a beta of 1.58. Radian Group has a 52 week low of $12.96 and a 52 week high of $19.87.
Radian Group (NYSE:RDN) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Radian Group had a return on equity of 12.81% and a net margin of 16.26%. The business had revenue of $302.91 million during the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter last year, the company posted $0.38 earnings per share. Radian Group’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Radian Group will post $1.72 EPS for the current fiscal year.
Radian Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 9th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the insurance provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 21st were issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date of this dividend was Thursday, August 17th. Radian Group’s dividend payout ratio is presently 1.18%.
In other news, CEO Richard G. Thornberry acquired 15,000 shares of Radian Group stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $16.78 per share, for a total transaction of $251,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $251,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard G. Thornberry acquired 5,000 shares of Radian Group stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $16.54 per share, with a total value of $82,700.00. Following the acquisition, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $330,800. The disclosure for this purchase can be found here. Insiders own 1.83% of the company’s stock.
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Radian Group Company Profile
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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