Radian Group (NYSE:RDN) Posts Earnings Results, Beats Estimates By $0.20 EPS

Radian Group (NYSE:RDN) released its quarterly earnings results on Wednesday. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.83 by $0.20, Briefing.com reports. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The company had revenue of $319.42 million during the quarter, compared to analyst estimates of $314.76 million. During the same quarter last year, the business posted $0.98 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis.

Radian Group Trading Up 0.2 %

Shares of NYSE:RDN traded up $0.05 during trading on Friday, reaching $30.79. 856,640 shares of the company were exchanged, compared to its average volume of 838,493. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.40 and a quick ratio of 1.65. The firm has a market capitalization of $4.66 billion, a PE ratio of 8.15, a P/E/G ratio of 1.88 and a beta of 1.03. The business’s fifty day simple moving average is $30.80 and its 200-day simple moving average is $28.51. Radian Group has a 12-month low of $23.13 and a 12-month high of $33.69.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $0.245 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 25.93%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $35.00 target price (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.00.

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.