Equities analysts expect that Radian Group Inc (NYSE:RDN) will report $0.64 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Radian Group’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.63. Radian Group posted earnings per share of $0.46 during the same quarter last year, which would suggest a positive year over year growth rate of 39.1%. The business is scheduled to report its next earnings results on Thursday, October 25th.

On average, analysts expect that Radian Group will report full year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.57. For the next year, analysts anticipate that the company will report earnings of $2.69 per share, with EPS estimates ranging from $2.59 to $2.82. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Radian Group.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, July 26th. The insurance provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. The business had revenue of $319.30 million during the quarter, compared to the consensus estimate of $320.34 million. Radian Group had a net margin of 31.87% and a return on equity of 16.10%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share.

Several analysts recently issued reports on the stock. Bank of America upped their price target on shares of Radian Group from $13.00 to $23.00 and gave the company a “buy” rating in a report on Monday, August 13th. B. Riley upped their price target on shares of Radian Group from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. TheStreet raised shares of Radian Group from a “c+” rating to a “b-” rating in a report on Tuesday, July 31st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $21.00 price target on shares of Radian Group in a report on Friday, July 27th. Finally, ValuEngine raised shares of Radian Group from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.11.

Several large investors have recently modified their holdings of the business. Canada Pension Plan Investment Board increased its holdings in shares of Radian Group by 94.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,056,400 shares of the insurance provider’s stock worth $82,015,000 after acquiring an additional 2,451,300 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Radian Group in the 2nd quarter worth about $18,839,000. Wells Fargo & Company MN increased its holdings in shares of Radian Group by 31.8% in the 1st quarter. Wells Fargo & Company MN now owns 3,053,878 shares of the insurance provider’s stock worth $58,145,000 after acquiring an additional 736,875 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Radian Group in the 2nd quarter worth about $10,201,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Radian Group by 183.5% in the 1st quarter. Russell Investments Group Ltd. now owns 843,070 shares of the insurance provider’s stock worth $16,051,000 after acquiring an additional 545,639 shares during the period. 92.14% of the stock is currently owned by institutional investors.

RDN opened at $20.47 on Monday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.61 and a beta of 1.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 1.48. Radian Group has a 12-month low of $14.06 and a 12-month high of $23.49.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Monday, August 27th were issued a dividend of $0.0025 per share. The ex-dividend date was Friday, August 24th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. Radian Group’s dividend payout ratio (DPR) is 0.55%.

Radian Group announced that its Board of Directors has authorized a share buyback program on Thursday, August 16th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 2.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About Radian Group

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

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