Radian Group (RDN) Projected to Post Quarterly Earnings on Wednesday

Radian Group (NYSE:RDN) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $242.64 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, analysts expect Radian Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Radian Group Stock Down 0.6 %

RDN opened at $34.23 on Wednesday. The company has a market cap of $5.10 billion, a PE ratio of 8.87, a P/E/G ratio of 1.81 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $33.18 and a two-hundred day moving average price of $34.21. Radian Group has a 52 week low of $26.11 and a 52 week high of $37.86.

Radian Group Dividend Announcement

The company 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 of this dividend was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.86%. Radian Group’s payout ratio is currently 25.39%.

Analyst Upgrades and Downgrades

RDN has been the topic of a number of analyst reports. Barclays lifted their price objective on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods cut their price objective 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.30.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.16% of the company’s stock.

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.