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

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

Radian Group Trading Down 1.1%

RDN stock traded down $0.35 during midday trading on Wednesday, hitting $32.38. 1,330,781 shares of the company’s stock were exchanged, compared to its average volume of 1,287,328. Radian Group has a one year low of $29.32 and a one year high of $38.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market cap of $4.39 billion, a PE ratio of 8.08 and a beta of 0.81. The stock’s fifty day moving average price is $34.56 and its 200-day moving average price is $34.69.

Radian Group Dividend Announcement

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

Insider Transactions at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.01% of the company’s stock.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

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.