Radian Group Inc. (NYSE:RDN) is scheduled to release its earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. The business had revenue of $302.91 million for the quarter, compared to the consensus estimate of $299.07 million. Radian Group had a net margin of 16.26% and a return on equity of 12.81%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. On average, analysts expect Radian Group to post $1.72 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.
Radian Group Inc. (NYSE RDN) opened at 20.24 on Wednesday. The firm’s 50-day moving average is $18.34 and its 200-day moving average is $17.46. The stock has a market capitalization of $4.36 billion, a P/E ratio of 23.24 and a beta of 1.51. Radian Group Inc. has a 12 month low of $12.96 and a 12 month high of $20.82.
Radian Group announced that its board has authorized a stock repurchase program on Wednesday, August 9th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the insurance provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
In other news, CEO Richard G. Thornberry acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $16.78 per share, for a total transaction of $251,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $251,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard G. Thornberry acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $16.54 per share, with a total value of $82,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $330,800. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by company insiders.
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Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Radian Group from a “buy” rating to a “hold” rating in a research report on Monday. Susquehanna Bancshares Inc set a $22.00 target price on Radian Group and gave the stock a “buy” rating in a research report on Monday, October 16th. BTIG Research reiterated a “buy” rating and set a $22.00 target price on shares of Radian Group in a research report on Sunday, October 15th. Compass Point reiterated a “neutral” rating and set a $21.25 target price on shares of Radian Group in a research report on Saturday, October 14th. Finally, Barclays PLC reiterated an “overweight” rating and set a $24.00 target price (down from $25.00) on shares of Radian Group in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.91.
Radian Group Company Profile
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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