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

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

Radian Group Stock Down 1.1 %

Shares of Radian Group stock traded down $0.38 during trading on Thursday, hitting $33.85. 27,054 shares of the stock traded hands, compared to its average volume of 1,117,502. The stock has a market cap of $5.04 billion, a P/E ratio of 8.80, a PEG ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. Radian Group has a twelve month low of $26.11 and a twelve month high of $37.86. The company has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $34.20.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.245 per share. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.89%. Radian Group’s payout ratio is presently 25.39%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.30.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.16% of the stock is 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.