Radian Group (NYSE:RDN) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Radian Group (NYSE:RDN) released its quarterly earnings data on Wednesday. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05, Zacks reports. Radian Group had a net margin of 45.90% and a return on equity of 13.29%.

Radian Group Trading Down 1.1%

Shares of RDN stock traded down $0.35 during trading hours on Wednesday, reaching $32.38. 1,330,781 shares of the stock traded hands, compared to its average volume of 1,287,328. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.39 billion, a PE ratio of 8.08 and a beta of 0.81. Radian Group has a 1-year low of $29.32 and a 1-year high of $38.84. The business has a fifty day moving average price of $34.56 and a 200 day moving average price of $34.69.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.1%. Radian Group’s dividend payout ratio is currently 25.44%.

Analysts Set New Price Targets

A number of research analysts recently commented on RDN shares. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a research note on Wednesday, February 11th. Roth Mkm restated a “buy” rating and set a $45.00 price target on shares of Radian Group in a research report on Friday, January 2nd. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Finally, Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average target price of $40.20.

Insider Activity at Radian Group

In other Radian Group news, EVP Eric Ray sold 13,957 shares of Radian Group stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Radian Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV increased its position in Radian Group by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after acquiring an additional 288 shares during the period. Smartleaf Asset Management LLC grew its position in Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 344 shares during the last quarter. HighTower Advisors LLC grew its position in Radian Group by 6.1% in the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 349 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after buying an additional 476 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.