Radian Group (RDN) to Release Earnings on Wednesday

Radian Group (NYSE:RDN) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Radian Group Trading Up 1.4 %

Shares of RDN stock opened at $32.11 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.83 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04. The business has a 50-day moving average price of $34.86 and a two-hundred day moving average price of $33.19. Radian Group has a 12-month low of $24.92 and a 12-month high of $37.86.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s payout ratio is currently 25.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RDN. 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 research note on Tuesday, October 8th. Royal Bank of Canada boosted their target price on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Roth Mkm raised their price target on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods lifted their target price 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.10.

Insider Transactions at Radian Group

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

About Radian Group

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.