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

Radian Group (NYSE:RDN) posted its quarterly earnings results on Wednesday. The insurance provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates 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 Radian Group stock traded up $0.30 during trading hours on Wednesday, reaching $34.24. 1,228,798 shares of the stock traded hands, compared to its average volume of 1,165,904. The company has a 50 day moving average price of $33.12 and a 200 day moving average price of $34.20. Radian Group has a one year low of $26.11 and a one year high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 1.85 and a beta of 1.06.

Radian Group Dividend Announcement

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

Insider Buying and Selling

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 value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays increased their price objective on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Radian Group 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.