FY2024 EPS Estimates for Radian Group Inc. (NYSE:RDN) Raised by Analyst

Radian Group Inc. (NYSE:RDN) – Investment analysts at Roth Capital lifted their FY2024 earnings per share estimates for Radian Group in a research report issued to clients and investors on Friday, August 2nd. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $3.80 per share for the year, up from their previous forecast of $3.65. The consensus estimate for Radian Group’s current full-year earnings is $3.61 per share. Roth Capital also issued estimates for Radian Group’s Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.80 EPS.

Several other analysts have also issued reports on RDN. Roth Mkm boosted their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays boosted their target price on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods boosted their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday. UBS Group boosted their price objective on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada boosted their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.90.

Radian Group Stock Performance

Shares of RDN opened at $34.19 on Monday. The firm has a market cap of $5.15 billion, a PE ratio of 9.04, a PEG ratio of 1.98 and a beta of 1.05. The stock’s fifty day moving average price is $32.54 and its two-hundred day moving average price is $31.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.41 and a quick ratio of 1.80. Radian Group has a 1 year low of $24.56 and a 1 year high of $37.86.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Tuesday, June 4th were paid a dividend of $0.245 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.87%. Radian Group’s payout ratio is 25.93%.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 65,305 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.05, for a total transaction of $2,027,720.25. Following the completion of the transaction, the executive vice president now directly owns 53,791 shares in the company, valued at $1,670,210.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Eric Ray sold 65,305 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.05, for a total transaction of $2,027,720.25. Following the completion of the transaction, the executive vice president now directly owns 53,791 shares in the company, valued at $1,670,210.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Noel Joseph Spiegel sold 5,895 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.80, for a total value of $187,461.00. Following the transaction, the director now owns 20,008 shares of the company’s stock, valued at $636,254.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,004 shares of company stock worth $3,651,517. 2.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Radian Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 145.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 557 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Radian Group in the 4th quarter worth about $46,000. CWM LLC boosted its holdings in shares of Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 1,679 shares in the last quarter. Finally, AXS Investments LLC purchased a new position in shares of Radian Group in the 4th quarter worth about $66,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Company Profile

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.