Radian Group (NYSE:RDN – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Radian Group (NYSE:RDN – Get Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The insurance provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.34. The company had revenue of $338.37 million during the quarter, compared to the consensus estimate of $318.27 million. Radian Group had a return on equity of 14.02% and a net margin of 45.17%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. On average, analysts expect Radian Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
RDN stock opened at $21.65 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $3.80 billion, a P/E ratio of 6.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29. Radian Group has a fifty-two week low of $19.17 and a fifty-two week high of $25.31. The business’s fifty day moving average price is $22.80.
Radian Group declared that its board has authorized a stock repurchase program on Wednesday, February 9th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 9.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several research analysts have recently weighed in on RDN shares. BTIG Research cut their price target on Radian Group from $28.00 to $26.00 in a research note on Tuesday, April 12th. StockNews.com downgraded Radian Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Barclays raised their target price on Radian Group from $30.00 to $34.00 in a research note on Monday, January 10th. Finally, Zacks Investment Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Tuesday, January 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Radian Group currently has an average rating of “Buy” and a consensus price target of $27.58.
Large investors have recently added to or reduced their stakes in the business. JustInvest LLC purchased a new stake in shares of Radian Group in the 4th quarter valued at about $251,000. Public Employees Retirement System of Ohio raised its holdings in shares of Radian Group by 6.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,108 shares of the insurance provider’s stock valued at $256,000 after acquiring an additional 683 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Radian Group by 60.0% in the 3rd quarter. LPL Financial LLC now owns 18,841 shares of the insurance provider’s stock valued at $428,000 after acquiring an additional 7,065 shares in the last quarter. Comerica Bank purchased a new stake in shares of Radian Group in the 4th quarter valued at about $455,000. Finally, Penserra Capital Management LLC raised its holdings in shares of Radian Group by 25.1% in the 4th quarter. Penserra Capital Management LLC now owns 26,480 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 5,318 shares in the last quarter. 94.66% of the stock is currently owned by hedge funds and other institutional investors.
About Radian Group (Get Rating)
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions.
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