Q2 2024 EPS Estimates for Radian Group Inc. (NYSE:RDN) Reduced by Analyst

Radian Group Inc. (NYSE:RDN) – Roth Capital lowered their Q2 2024 earnings per share (EPS) estimates for Radian Group in a research report issued on Friday, May 3rd. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $0.83 per share for the quarter, down from their previous forecast of $0.85. The consensus estimate for Radian Group’s current full-year earnings is $3.27 per share. Roth Capital also issued estimates for Radian Group’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.88 EPS and FY2025 earnings at $3.70 EPS.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The business had revenue of $319.42 million for the quarter, compared to analysts’ expectations of $314.76 million. During the same period in the previous year, the firm posted $0.98 EPS. The business’s revenue was up 3.1% on a year-over-year basis.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price target (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Radian Group Stock Up 1.7 %

RDN stock opened at $31.31 on Monday. The company has a quick ratio of 1.65, a current ratio of 0.40 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $30.87 and a 200 day moving average of $28.59. Radian Group has a twelve month low of $24.34 and a twelve month high of $33.69. The firm has a market cap of $4.74 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.03.

Institutional Trading of Radian Group

Several institutional investors have recently made changes to their positions in RDN. Hexagon Capital Partners LLC grew its position in shares of Radian Group by 145.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 557 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Radian Group during the 4th quarter valued at approximately $46,000. AXS Investments LLC purchased a new position in Radian Group during the 4th quarter valued at approximately $66,000. GAMMA Investing LLC purchased a new position in Radian Group during the 4th quarter valued at approximately $101,000. Finally, Mather Group LLC. purchased a new position in Radian Group during the 1st quarter valued at approximately $125,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $0.245 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a yield of 3.13%. Radian Group’s dividend payout ratio is presently 25.93%.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.