Radian Group FY2024 EPS Estimate Increased by Roth Capital

Radian Group Inc. (NYSE:RDN) – Analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of Radian Group in a research note issued on Friday, November 8th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings per share of $3.95 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.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada increased their price target on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Roth Mkm upped their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their price target 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.10.

Radian Group Stock Performance

Radian Group stock opened at $34.27 on Monday. Radian Group has a 1-year low of $24.92 and a 1-year high of $37.86. The company’s 50-day moving average is $34.56 and its 200 day moving average is $33.33. The firm has a market capitalization of $5.15 billion, a P/E ratio of 8.88, a price-to-earnings-growth 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 (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.86%. Radian Group’s payout ratio is presently 25.39%.

Insider Activity

In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Radian Group news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 48,392 shares in the company, valued at approximately $1,725,174.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,955 shares of company stock worth $4,130,140. Corporate insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Radian Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after purchasing an additional 69,383 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Radian Group during the first quarter worth $1,442,000. Empowered Funds LLC purchased a new stake in shares of Radian Group during the first quarter valued at $1,059,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Radian Group by 17.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,407 shares of the insurance provider’s stock valued at $1,524,000 after acquiring an additional 6,967 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in Radian Group by 5.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock worth $10,305,000 after acquiring an additional 17,367 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.