FY2018 EPS Estimates for Radian Group Inc (RDN) Raised by B. Riley
Radian Group Inc (NYSE:RDN) – Investment analysts at B. Riley increased their FY2018 EPS estimates for shares of Radian Group in a report issued on Thursday. B. Riley analyst R. Binner now anticipates that the insurance provider will earn $2.25 per share for the year, up from their previous forecast of $1.85. B. Riley currently has a “Neutral” rating and a $22.00 target price on the stock. B. Riley also issued estimates for Radian Group’s FY2019 earnings at $2.45 EPS.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million during the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. Radian Group’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share.
RDN has been the subject of several other reports. ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, October 10th. Compass Point reaffirmed a “neutral” rating and issued a $21.25 price objective on shares of Radian Group in a research report on Saturday, October 14th. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research report on Sunday, October 15th. Finally, Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the company a “buy” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Radian Group currently has an average rating of “Buy” and an average target price of $23.89.
Radian Group (NYSE:RDN) traded up $0.26 during trading hours on Monday, hitting $21.92. The company had a trading volume of 1,041,885 shares, compared to its average volume of 1,440,357. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $4,700.00, a P/E ratio of 27.75, a PEG ratio of 1.93 and a beta of 1.57. Radian Group has a fifty-two week low of $15.58 and a fifty-two week high of $22.66.
Several institutional investors and hedge funds have recently modified their holdings of RDN. Capital World Investors grew its position in Radian Group by 42.7% during the 2nd quarter. Capital World Investors now owns 4,930,000 shares of the insurance provider’s stock worth $80,606,000 after acquiring an additional 1,475,000 shares during the last quarter. Northern Trust Corp increased its position in Radian Group by 24.6% in the 2nd quarter. Northern Trust Corp now owns 5,305,329 shares of the insurance provider’s stock valued at $86,742,000 after buying an additional 1,048,954 shares in the last quarter. Ameriprise Financial Inc. increased its position in Radian Group by 59.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,601,594 shares of the insurance provider’s stock valued at $48,623,000 after buying an additional 968,914 shares in the last quarter. Vanguard Group Inc. increased its holdings in Radian Group by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider’s stock worth $296,201,000 after purchasing an additional 859,950 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Radian Group by 57.0% during the 3rd quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock worth $38,984,000 after purchasing an additional 757,490 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.
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About Radian Group
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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