Radian Group (NYSE:RDN) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Radian Group (NYSE:RDN) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17, Zacks reports. Radian Group had a net margin of 45.96% and a return on equity of 13.81%.

Radian Group Stock Performance

Shares of RDN traded up $0.30 during mid-day trading on Wednesday, reaching $34.24. The company’s stock had a trading volume of 1,228,798 shares, compared to its average volume of 1,165,904. Radian Group has a 1-year low of $26.11 and a 1-year high of $37.86. The business has a 50-day simple moving average of $33.12 and a two-hundred day simple moving average of $34.20. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5.10 billion, a P/E ratio of 8.87, a PEG ratio of 1.85 and a beta of 1.06.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDN shares. Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Barclays upped their price target on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.30.

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.