Radian Group (NYSE:RDN) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Radian Group (NYSE:RDN - Get Free Report) posted its quarterly earnings results on Wednesday. The insurance provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.17, Zacks reports. Radian Group had a net margin of 46.85% and a return on equity of 13.96%.

Radian Group Stock Performance

RDN traded down $0.65 during mid-day trading on Friday, reaching $32.96. 1,671,961 shares of the company traded hands, compared to its average volume of 1,088,753. The company's fifty day moving average price is $33.00 and its 200-day moving average price is $34.18. The stock has a market capitalization of $4.91 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.83 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. Radian Group has a 52-week low of $26.11 and a 52-week high of $37.86.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group's dividend payout ratio is currently 24.94%.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.16% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their target price on Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.30.

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.