Radian Group Inc (NYSE:RDN) – Equities researchers at B. Riley issued their Q4 2018 earnings per share (EPS) estimates for shares of Radian Group in a note issued to investors on Tuesday, January 8th. B. Riley analyst R. Binner anticipates that the insurance provider will earn $0.68 per share for the quarter.
RDN has been the topic of several other reports. ValuEngine cut shares of Radian Group from a “hold” rating to a “sell” rating in a report on Monday. Compass Point set a $26.00 target price on shares of Radian Group and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, Barclays set a $21.00 target price on shares of Radian Group and gave the stock a “buy” rating in a report on Friday, December 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.40.
Shares of Radian Group stock opened at $17.14 on Wednesday. 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. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 1.21 and a beta of 1.43.
Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, October 31st. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Radian Group had a net margin of 37.56% and a return on equity of 17.34%. The company had revenue of $330.70 million for the quarter, compared to analysts’ expectations of $334.59 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of the business. Prudential Financial Inc. boosted its holdings in shares of Radian Group by 207.4% in the 3rd quarter. Prudential Financial Inc. now owns 4,316,126 shares of the insurance provider’s stock valued at $89,214,000 after buying an additional 2,911,948 shares in the last quarter. Capital International Investors bought a new stake in shares of Radian Group in the 3rd quarter valued at about $53,184,000. Man Group plc boosted its holdings in shares of Radian Group by 188.7% in the 3rd quarter. Man Group plc now owns 3,524,578 shares of the insurance provider’s stock valued at $72,853,000 after buying an additional 2,303,657 shares in the last quarter. FMR LLC boosted its holdings in shares of Radian Group by 5.9% in the 3rd quarter. FMR LLC now owns 19,085,205 shares of the insurance provider’s stock valued at $394,491,000 after buying an additional 1,069,783 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Radian Group by 1,150,026.5% in the 3rd quarter. Clearbridge Investments LLC now owns 782,086 shares of the insurance provider’s stock valued at $16,166,000 after buying an additional 782,018 shares in the last quarter. Institutional investors own 91.67% of the company’s stock.
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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