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

Radian Group (NYSE:RDN) released its quarterly earnings data on Wednesday. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 2.3 %

Radian Group stock traded down $0.77 during mid-day trading on Friday, hitting $32.84. The company’s stock had a trading volume of 336,016 shares, compared to its average volume of 1,146,556. Radian Group has a 52-week low of $26.11 and a 52-week high of $37.86. The company has a market cap of $4.89 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The firm’s 50 day moving average is $33.05 and its 200 day moving average is $34.19.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.98%. Radian Group’s dividend payout ratio is 25.39%.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction dated 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 sale, the insider now directly owns 171,830 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

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

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.