Radian Group (NYSE:RDN) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Radian Group (NYSE:RDN) released its quarterly earnings results on Wednesday. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10, Zacks reports. Radian Group had a net margin of 46.99% and a return on equity of 13.07%.

Radian Group Stock Up 0.5%

Radian Group stock traded up $0.17 during mid-day trading on Wednesday, reaching $35.75. The stock had a trading volume of 1,550,395 shares, compared to its average volume of 1,332,933. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.37 and a beta of 0.76. The company has a 50-day moving average price of $34.18 and a two-hundred day moving average price of $34.39. Radian Group has a one year low of $31.50 and a one year high of $38.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RDN shares. Barclays cut their price target on shares of Radian Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group cut their price target on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. 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, Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and boosted their target price for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Radian Group has a consensus rating of “Moderate Buy” and an average price target of $40.67.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $37.00, for a total value of $555,000.00. Following the transaction, the executive vice president owned 108,708 shares in the company, valued at $4,022,196. The trade was a 12.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 45,000 shares of company stock valued at $1,620,000. Insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Radian Group

A number of hedge funds have recently bought and sold shares of RDN. Northwestern Mutual Wealth Management Co. boosted its stake in Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Radian Group in the 3rd quarter worth about $34,000. Global Retirement Partners LLC raised its position in Radian Group by 1,002.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,058 shares of the insurance provider’s stock worth $38,000 after buying an additional 962 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Radian Group in the 2nd quarter worth about $50,000. Institutional investors own 95.33% of the company’s stock.

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.