Radian Group FY2024 EPS Forecast Increased by Roth Capital

Radian Group Inc. (NYSE:RDN - Free Report) - Equities research analysts at Roth Capital boosted their FY2024 earnings per share estimates for shares of Radian Group in a research note issued on Friday, November 8th. Roth Capital analyst H. Fong now anticipates that the insurance provider will earn $3.95 per share for the year, up from their previous forecast of $3.80. The consensus estimate for Radian Group's current full-year earnings is $4.00 per share. Roth Capital also issued estimates for Radian Group's Q1 2025 earnings at $0.93 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $1.01 EPS and FY2026 earnings at $4.00 EPS.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.15. The company had revenue of $319.05 million during the quarter, compared to analysts' expectations of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%.

Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Roth Mkm raised their price objective on Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of Radian Group from $32.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Friday, August 2nd. Finally, Barclays increased their price target on 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's stock. According to data from MarketBeat, Radian Group has a consensus rating of "Hold" and a consensus price target of $36.10.

Radian Group Stock Up 2.4 %

Shares of RDN stock traded up $0.79 during mid-day trading on Monday, hitting $34.27. 913,755 shares of the stock traded hands, compared to its average volume of 1,049,612. The stock's fifty day moving average is $34.60 and its two-hundred day moving average is $33.30. The stock has a market cap of $5.15 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.45 and a quick ratio of 1.84. Radian Group has a 52-week low of $24.92 and a 52-week high of $37.86.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Radian Group by 272.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider's stock worth $28,725,000 after acquiring an additional 605,956 shares during the period. Point72 Asset Management L.P. increased its stake in Radian Group by 460.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider's stock worth $20,548,000 after acquiring an additional 542,801 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Radian Group by 18.2% in the 2nd quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider's stock valued at $88,136,000 after acquiring an additional 435,751 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Radian Group during the second quarter worth about $6,273,000. Finally, WINTON GROUP Ltd increased its position in shares of Radian Group by 509.5% in the second quarter. WINTON GROUP Ltd now owns 212,295 shares of the insurance provider's stock worth $6,602,000 after purchasing an additional 177,466 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total value of $1,918,724.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Robert Quigley sold 7,500 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the transaction, the chief accounting officer now owns 48,392 shares of the company's stock, valued at approximately $1,725,174.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Ray sold 53,791 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total value of $1,918,724.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,955 shares of company stock worth $4,130,140. Company insiders own 2.16% of the company's stock.

Radian Group Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group's dividend payout ratio is currently 25.39%.

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.