Radian Group (NYSE:RDN) Announces Quarterly Earnings Results

Radian Group (NYSE:RDN) issued its quarterly earnings results on Wednesday. The insurance provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.20), Zacks reports. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue was up 92.3% on a year-over-year basis.

Radian Group Trading Down 1.3%

Shares of RDN stock traded down $0.51 on Wednesday, reaching $39.13. 1,042,781 shares of the stock were exchanged, compared to its average volume of 1,331,749. The stock has a market cap of $5.20 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $36.75 and a two-hundred day moving average of $35.18. Radian Group has a 1-year low of $31.50 and a 1-year high of $41.05.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s dividend payout ratio is presently 25.12%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Radian Group from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods increased their target price on Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada initiated coverage on Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and upped their price objective for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Insider Transactions at Radian Group

In other Radian Group news, Director Noel Joseph Spiegel sold 4,834 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the sale, the director directly owned 20,008 shares in the company, valued at $724,089.52. This represents a 19.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Weinbach acquired 120,487 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $33.89 per share, for a total transaction of $4,083,304.43. Following the completion of the acquisition, the chief executive officer owned 120,487 shares in the company, valued at approximately $4,083,304.43. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 30,516 shares of company stock valued at $1,127,576 in the last ninety days. Company insiders own 2.03% of the company’s stock.

Institutional Trading of Radian Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in 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 buying an additional 476 shares during the period. Geneos Wealth Management Inc. lifted its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Radian Group during the third quarter worth approximately $34,000. Global Retirement Partners LLC grew its stake in Radian Group by 1,002.1% during the fourth 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 period. Finally, Headlands Technologies LLC acquired a new stake in shares of Radian Group in the second quarter worth $50,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Radian Group

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.