Radian Group (NYSE:RDN) Announces Earnings Results, Beats Expectations By $0.17 EPS

Radian Group (NYSE:RDN) released its quarterly earnings results on Wednesday. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17, Zacks reports. Radian Group had a net margin of 45.96% and a return on equity of 13.81%.

Radian Group Trading Up 0.9 %

RDN stock traded up $0.30 during midday trading on Wednesday, hitting $34.24. The company had a trading volume of 1,228,798 shares, compared to its average volume of 1,165,904. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group has a 52 week low of $26.11 and a 52 week high of $37.86. The stock’s 50 day moving average price is $33.12 and its 200 day moving average price is $34.20. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.85 and a beta of 1.06.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RDN. Barclays boosted their price target on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods decreased their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.30.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.16% of the stock is currently owned by company insiders.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.