Radian Group Inc (NYSE:RDN) to Post Q3 2019 Earnings of $0.74 Per Share, B. Riley Forecasts

Radian Group Inc (NYSE:RDN) – Investment analysts at B. Riley boosted their Q3 2019 earnings per share (EPS) estimates for Radian Group in a note issued to investors on Monday, October 21st. B. Riley analyst R. Binner now forecasts that the insurance provider will earn $0.74 per share for the quarter, up from their previous forecast of $0.69. B. Riley currently has a “Hold” rating and a $27.00 target price on the stock. B. Riley also issued estimates for Radian Group’s Q4 2019 earnings at $0.63 EPS and FY2020 earnings at $3.05 EPS.

A number of other equities research analysts also recently weighed in on RDN. BTIG Research reissued a “buy” rating and issued a $29.00 price target on shares of Radian Group in a report on Thursday, August 1st. ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.14.

RDN stock opened at $24.65 on Wednesday. The company has a market capitalization of $4.84 billion, a P/E ratio of 9.16, a PEG ratio of 1.61 and a beta of 1.39. The company has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $23.03. Radian Group has a fifty-two week low of $14.77 and a fifty-two week high of $25.08. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.29.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.10. The business had revenue of $394.96 million during the quarter, compared to the consensus estimate of $352.77 million. Radian Group had a net margin of 43.66% and a return on equity of 17.68%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virginia Retirement Systems ET AL raised its holdings in Radian Group by 25.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 66,400 shares of the insurance provider’s stock worth $1,517,000 after buying an additional 13,400 shares during the period. Marquette Asset Management LLC acquired a new stake in Radian Group during the 3rd quarter worth about $341,000. Calamos Advisors LLC acquired a new stake in Radian Group during the 3rd quarter worth about $426,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Radian Group by 10.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,146 shares of the insurance provider’s stock worth $300,000 after buying an additional 1,246 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Radian Group by 6.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,217 shares of the insurance provider’s stock worth $393,000 after buying an additional 1,033 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Radian Group Company Profile

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

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Earnings History and Estimates for Radian Group (NYSE:RDN)

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