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

Radian Group (NYSE:RDN) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17, Zacks reports. Radian Group had a return on equity of 13.81% and a net margin of 45.96%.

Radian Group Stock Performance

Shares of RDN traded down $0.38 during trading hours on Thursday, hitting $33.85. The company had a trading volume of 27,054 shares, compared to its average volume of 1,117,502. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 1.85 and a beta of 1.06. The business has a fifty day moving average of $33.09 and a 200-day moving average of $34.20. Radian Group has a 12 month low of $26.11 and a 12 month 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.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.89%. Radian Group’s dividend payout ratio is currently 25.39%.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the sale, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.