Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions. This segment primarily serves mortgage originators, such as mortgage banks, commercial banks, savings institutions, credit unions, and community banks. The company's Homegenius segment offers title services, including a suite of insurance and non-insurance title, tax and title data, centralized recording, document retrieval and default curative title services, and deed and property reports, as well as closing and settlement services comprising electronic execution and traditional signing services; real estate valuation products and services; and asset management services, as well as a suite of real estate technology products and services to facilitate real estate transactions, such as software as a service solutions. This segment serves consumers, mortgage lenders, mortgage and real estate investors, government-sponsored enterprises, and real estate brokers and agents. The company was founded in 1977 and is headquartered in Wayne, Pennsylvania.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. BTIG Research lowered their price target on shares of Radian Group from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, July 8th. StockNews.com downgraded shares of Radian Group from a "buy" rating to a "hold" rating in a report on Monday, July 18th. Keefe, Bruyette & Woods downgraded shares of Radian Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $28.00 to $27.00 in a report on Monday, July 18th. Finally, Compass Point lowered their target price on shares of Radian Group to $28.00 in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.64.
Radian Group Price Performance
RDN Stock opened at $23.39 on Wednesday. Radian Group has a one year low of $17.97 and a one year high of $24.84. The company's fifty day moving average price is $20.83 and its 200-day moving average price is $21.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $3.78 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.23.
Radian Group (NYSE:RDN - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The insurance provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.60. Radian Group had a net margin of 56.45% and a return on equity of 19.83%. The company had revenue of $286.83 million for the quarter, compared to analysts' expectations of $323.39 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. Radian Group's quarterly revenue was down 14.9% on a year-over-year basis. On average, equities analysts anticipate that Radian Group will post 4.18 EPS for the current fiscal year.
Radian Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, August 19th. Radian Group's dividend payout ratio is presently 20.51%.
Insider Buying and Selling
In related news, EVP Edward J. Hoffman sold 10,000 shares of the business's stock in a transaction on Monday, June 6th. The shares were sold at an average price of $21.33, for a total value of $213,300.00. Following the sale, the executive vice president now owns 128,534 shares in the company, valued at $2,741,630.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by company insiders.