Radian Group Inc (RDN) Expected to Earn FY2018 Earnings of $2.25 Per Share

Radian Group Inc (NYSE:RDN) – B. Riley increased their FY2018 earnings estimates for shares of Radian Group in a report released on Thursday. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings of $2.25 per share for the year, up from their previous estimate of $1.85. B. Riley has a “Neutral” rating and a $22.00 price objective on the stock. B. Riley also issued estimates for Radian Group’s FY2019 earnings at $2.45 EPS.

A number of other research firms have also issued reports on RDN. BTIG Research restated a “buy” rating and issued a $26.00 price target (up from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. Royal Bank of Canada assumed coverage on Radian Group in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $26.00 price target for the company. Deutsche Bank lowered Radian Group from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Friday, November 3rd. Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.75 to $24.75 in a research report on Friday, October 27th. Finally, FBR & Co restated a “buy” rating on shares of Radian Group in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.89.

Radian Group (NYSE:RDN) traded up $0.19 during mid-day trading on Monday, hitting $21.66. The stock had a trading volume of 1,569,135 shares, compared to its average volume of 1,506,789. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4,720.00, a price-to-earnings ratio of 27.42, a PEG ratio of 1.93 and a beta of 1.57. Radian Group has a 1-year low of $15.58 and a 1-year high of $22.66.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The company had revenue of $312.05 million during the quarter, compared to analyst estimates of $321.10 million. During the same period in the previous year, the business earned $0.41 EPS. Radian Group’s quarterly revenue was down 2.8% on a year-over-year basis.

Institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC purchased a new position in Radian Group in the third quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 803 shares during the period. Zacks Investment Management purchased a new position in Radian Group in the second quarter worth approximately $175,000. ETRADE Capital Management LLC purchased a new position in Radian Group in the second quarter worth approximately $183,000. Finally, Gotham Asset Management LLC purchased a new position in Radian Group in the second quarter worth approximately $204,000. Institutional investors own 91.43% of the company’s stock.

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About Radian Group

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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