Radian Group (NYSE:RDN) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Radian Group (NYSE:RDN) announced its quarterly earnings data on Wednesday. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20, Briefing.com reports. The firm had revenue of $319.42 million during the quarter, compared to analyst estimates of $314.76 million. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. Radian Group’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share.

Radian Group Trading Up 0.2 %

Shares of NYSE RDN traded up $0.05 during trading on Friday, reaching $30.79. The stock had a trading volume of 856,640 shares, compared to its average volume of 838,493. The business’s 50-day moving average price is $30.80 and its 200-day moving average price is $28.51. Radian Group has a fifty-two week low of $23.13 and a fifty-two week high of $33.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.65 and a current ratio of 0.40. The company has a market cap of $4.66 billion, a P/E ratio of 8.15, a PEG ratio of 1.88 and a beta of 1.03.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a dividend of $0.245 per share. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.