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

Radian Group (NYSE:RDN) issued its earnings results on Wednesday. The insurance provider reported $1.09 earnings per share for the quarter, topping 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 Price Performance

NYSE RDN traded up $0.30 during trading on Wednesday, hitting $34.24. 1,228,798 shares of the stock traded hands, compared to its average volume of 1,165,904. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group has a 12-month low of $26.11 and a 12-month high of $37.86. The firm has a 50-day simple moving average of $33.12 and a 200-day simple moving average of $34.20. The company has a market capitalization of $5.10 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.245 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.86%. Radian Group’s dividend payout ratio is currently 25.39%.

Analyst Ratings Changes

A number of research firms have recently weighed in on RDN. Barclays upped their price objective on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. 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 research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Radian Group currently has an average rating of “Hold” and an average price target of $36.30.

Insider Transactions at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.16% of the company’s stock.

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.