Radian Group (RDN) to Release Earnings on Wednesday

Radian Group (NYSE:RDN - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.12. The company had revenue of $312.37 million during the quarter, compared to analysts' expectations of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. 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 Up 1.7 %

NYSE RDN traded up $0.58 during trading on Wednesday, hitting $35.27. The company's stock had a trading volume of 1,625,458 shares, compared to its average volume of 1,012,645. Radian Group has a fifty-two week low of $24.92 and a fifty-two week high of $37.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $5.31 billion, a PE ratio of 9.18, a P/E/G ratio of 1.82 and a beta of 1.05. The business's 50 day simple moving average is $34.94 and its 200-day simple moving average is $33.10.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group's dividend payout ratio (DPR) is presently 25.45%.

Insiders Place Their Bets

In related news, EVP Eric Ray sold 53,791 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Eric Ray sold 53,791 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total value of $1,918,724.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sumita Pandit sold 3,817 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,772 shares of company stock worth $4,260,796. Corporate insiders own 2.16% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RDN. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their target price on Radian Group from $32.00 to $37.00 and gave the stock a "sector perform" rating in a report on Friday, August 2nd. Roth Mkm increased their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Barclays upped their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Radian Group has a consensus rating of "Hold" and a consensus target price of $36.10.

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.