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

Radian Group Inc. (NYSE:RDN) – Research analysts at Roth Capital lifted their FY2024 earnings estimates for shares of Radian Group in a research note issued to investors on Friday, August 2nd. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings per share of $3.80 for the year, up from their prior 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.

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

Radian Group Trading Up 0.7 %

Shares of RDN opened at $34.19 on Monday. Radian Group has a 1-year low of $24.56 and a 1-year high of $37.86. The company has a 50-day moving average of $32.54 and a 200 day moving average of $31.05. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.98 and a beta of 1.05. 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 Announces Dividend

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

Insider Transactions at Radian Group

In other news, Chairman Howard Bernard Culang sold 10,804 shares of Radian Group stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.45, for a total value of $339,785.80. Following the transaction, the chairman now owns 8,050 shares of the company’s stock, valued at approximately $253,172.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Radian Group news, Director Noel Joseph Spiegel sold 5,895 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total transaction of $187,461.00. Following the sale, the director now owns 20,008 shares of the company’s stock, valued at approximately $636,254.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Howard Bernard Culang sold 10,804 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $31.45, for a total transaction of $339,785.80. Following the sale, the chairman now directly owns 8,050 shares in the company, valued at approximately $253,172.50. The disclosure for this sale can be found here. Insiders have sold a total of 117,004 shares of company stock valued at $3,651,517 in the last 90 days. Insiders own 2.16% of the company’s stock.

Institutional Trading of Radian Group

Large investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC grew its position in Radian Group by 145.1% during 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 during the last quarter. Fifth Third Bancorp grew its position in Radian Group by 859.3% during 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 during the last quarter. Johnson Financial Group Inc. purchased a new stake in Radian Group during the 4th quarter worth approximately $46,000. CWM LLC grew its position in Radian Group by 539.9% during 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 during the last quarter. Finally, AXS Investments LLC purchased a new stake in Radian Group during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.