Radian Group (NYSE:RDN) Releases Earnings Results, Beats Expectations By $0.20 EPS

Radian Group (NYSE:RDN) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.20, Briefing.com reports. The firm had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS.

Radian Group Price Performance

RDN stock traded up $0.56 on Thursday, reaching $30.74. 923,895 shares of the company’s stock were exchanged, compared to its average volume of 1,257,800. The stock has a fifty day moving average of $30.66 and a 200-day moving average of $28.47. Radian Group has a twelve month low of $23.13 and a twelve month high of $33.69. The firm has a market cap of $4.66 billion, a PE ratio of 7.98, a P/E/G ratio of 1.83 and a beta of 1.03. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, February 23rd. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s dividend payout ratio is currently 25.93%.

Analyst Upgrades and Downgrades

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

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.