Roth Capital Comments on Radian Group Inc.’s Q2 2024 Earnings (NYSE:RDN)

Radian Group Inc. (NYSE:RDN) – Investment analysts at Roth Capital reduced their Q2 2024 earnings estimates for shares of Radian Group in a note issued to investors on Friday, May 3rd. Roth Capital analyst H. Fong now forecasts that the insurance provider will earn $0.83 per share for the quarter, down from their prior forecast of $0.85. The consensus estimate for Radian Group’s current full-year earnings is $3.27 per share. Roth Capital also issued estimates for Radian Group’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.88 EPS and FY2025 earnings at $3.70 EPS.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The company had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. During the same period last year, the firm earned $0.98 EPS. Radian Group’s revenue for the quarter was up 3.1% on a year-over-year basis.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price objective (down from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radian Group Stock Performance

NYSE:RDN opened at $30.79 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.40 and a quick ratio of 1.65. Radian Group has a 1-year low of $23.13 and a 1-year high of $33.69. The business has a 50 day moving average of $30.80 and a 200 day moving average of $28.55. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.89 and a beta of 1.03.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.18%. This is an increase from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

Institutional Investors Weigh In On Radian Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in shares of Radian Group by 145.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 557 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Radian Group during the 4th quarter worth $46,000. AXS Investments LLC acquired a new position in shares of Radian Group in the 4th quarter valued at $66,000. GAMMA Investing LLC purchased a new stake in Radian Group in the 4th quarter valued at about $101,000. Finally, Mather Group LLC. purchased a new position in Radian Group during the first quarter worth about $125,000. Institutional investors own 95.33% 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.