Radian Group (RDN) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Radian Group (NYSE:RDN) announced its earnings results on Friday. The insurance provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04, MarketWatch Earnings reports. Radian Group had a net margin of 37.56% and a return on equity of 17.34%. The business had revenue of $331.50 million during the quarter, compared to the consensus estimate of $342.07 million. During the same quarter last year, the firm earned $0.51 earnings per share. Radian Group’s quarterly revenue was up 4.3% on a year-over-year basis.

RDN stock traded down $0.16 during midday trading on Friday, reaching $19.40. The company had a trading volume of 113,180 shares, compared to its average volume of 1,003,918. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.53 and a quick ratio of 1.53. Radian Group has a 1 year low of $14.06 and a 1 year high of $22.29. The stock has a market cap of $4.17 billion, a PE ratio of 10.63, a P/E/G ratio of 1.42 and a beta of 1.58.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 18th will be paid a $0.0025 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. Radian Group’s dividend payout ratio is presently 0.55%.

RDN has been the topic of several analyst reports. ValuEngine upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Thursday, January 17th. Barclays set a $21.00 price target on shares of Radian Group and gave the stock a “buy” rating in a report on Friday, December 14th. Finally, Compass Point set a $26.00 price target on shares of Radian Group and gave the stock a “buy” rating in a report on Thursday, November 1st. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $22.50.

A number of hedge funds have recently added to or reduced their stakes in RDN. FNY Investment Advisers LLC purchased a new stake in Radian Group during the 4th quarter valued at $37,000. Toronto Dominion Bank bought a new stake in Radian Group during the 4th quarter valued at about $52,000. Meeder Asset Management Inc. bought a new stake in Radian Group during the 3rd quarter valued at about $106,000. Bank of Montreal Can boosted its holdings in shares of Radian Group by 22.7% in the fourth quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock worth $138,000 after buying an additional 1,557 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Radian Group in the fourth quarter worth approximately $172,000. 91.53% of the stock is owned by institutional investors and hedge funds.

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About Radian Group

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

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Earnings History for Radian Group (NYSE:RDN)

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