Radian Group (NYSE:RDN) Issues Quarterly Earnings Results

Radian Group (NYSE:RDN) posted its quarterly earnings data on Wednesday. The insurance provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.24, Zacks reports. Radian Group had a net margin of 28.41% and a return on equity of 14.28%. The firm had revenue of $624.11 million for the quarter, compared to analysts’ expectations of $595.99 million. During the same period in the previous year, the company posted $1.15 EPS.

Radian Group Stock Up 1.9%

RDN stock opened at $37.27 on Friday. The company has a 50 day moving average of $34.81 and a two-hundred day moving average of $35.26. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.91 and a beta of 0.69. Radian Group has a 12-month low of $30.53 and a 12-month high of $41.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were given a $0.2550 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.7%. Radian Group’s dividend payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RDN. Keefe, Bruyette & Woods reduced their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Zacks Research raised Radian Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings downgraded Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. Finally, BTIG Research began coverage on Radian Group in a research report on Tuesday, September 22nd. They set a “buy” rating and a $48.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.14.

Insider Activity at Radian Group

In other news, EVP Meghan Bartholomew sold 7,812 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $35.94, for a total transaction of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares in the company, valued at $1,408,955.82. The trade was a 16.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is currently owned by corporate insiders.

About Radian Group

Radian Group Inc (NYSE:RDN) is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian’s mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.