Radian Group Inc (NYSE:RDN) – Stock analysts at B. Riley lifted their FY2018 EPS estimates for Radian Group in a report released on Monday, November 12th. B. Riley analyst R. Binner now expects that the insurance provider will post earnings per share of $2.69 for the year, up from their previous forecast of $2.55. B. Riley currently has a “Neutral” rating and a $24.00 target price on the stock. B. Riley also issued estimates for Radian Group’s FY2020 earnings at $2.95 EPS.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, October 31st. The insurance provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The firm had revenue of $330.70 million for the quarter, compared to the consensus estimate of $334.59 million. Radian Group had a net margin of 37.56% and a return on equity of 17.34%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS.

Several other brokerages also recently commented on RDN. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, July 17th. ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Compass Point set a $26.00 price objective on shares of Radian Group and gave the company a “buy” rating in a research report on Thursday, November 1st. Bank of America increased their price objective on shares of Radian Group from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, TheStreet raised shares of Radian Group from a “c+” rating to a “b-” rating in a research report on Tuesday, July 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.36.

NYSE:RDN opened at $19.60 on Wednesday. The stock has a market capitalization of $4.16 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.45. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. Radian Group has a 1-year low of $14.06 and a 1-year high of $23.49.

A number of institutional investors and hedge funds have recently bought and sold shares of RDN. Dynamic Technology Lab Private Ltd lifted its stake in shares of Radian Group by 78.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 51,776 shares of the insurance provider’s stock worth $1,070,000 after purchasing an additional 22,814 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Radian Group by 58.9% in the 3rd quarter. Renaissance Technologies LLC now owns 180,625 shares of the insurance provider’s stock worth $3,734,000 after purchasing an additional 66,955 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Radian Group by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 431,635 shares of the insurance provider’s stock worth $8,922,000 after purchasing an additional 6,520 shares during the period. GAM Holding AG bought a new position in shares of Radian Group in the 3rd quarter worth approximately $803,000. Finally, Royce & Associates LP lifted its stake in shares of Radian Group by 7.0% in the 3rd quarter. Royce & Associates LP now owns 624,300 shares of the insurance provider’s stock worth $12,904,000 after purchasing an additional 41,100 shares during the period. Institutional investors and hedge funds own 91.26% of the company’s stock.

Radian Group declared that its Board of Directors has authorized a stock buyback program on Thursday, August 16th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Radian Group Company Profile

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

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Earnings History and Estimates for Radian Group (NYSE:RDN)

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