Radian Group (RDN) Earning Somewhat Positive News Coverage, Accern Reports

Press coverage about Radian Group (NYSE:RDN) has been trending somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of 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 0.18 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.0853505214437 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have weighed in on the company. Wells Fargo & Co assumed coverage on Radian Group in a report on Tuesday, November 28th. They issued a “market perform” rating and a $22.00 price objective for the company. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Barclays increased their price objective on Radian Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of Radian Group in a report on Friday, February 2nd. Finally, B. Riley reiterated a “buy” rating on shares of Radian Group in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.68.

Radian Group (NYSE RDN) opened at $21.19 on Wednesday. Radian Group has a 52-week low of $15.58 and a 52-week high of $23.49. The stock has a market capitalization of $4,620.58, a P/E ratio of 39.24, a PEG ratio of 1.37 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 1.23.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.07. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. The firm had revenue of $317.90 million during the quarter, compared to analyst estimates of $322.32 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. research analysts expect that Radian Group will post 2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be given a $0.0025 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.05%. This is a positive change from Radian Group’s previous quarterly dividend of $0.00. Radian Group’s dividend payout ratio is currently 1.85%.

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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.

Insider Buying and Selling by Quarter for Radian Group (NYSE:RDN)

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