Radian Group Inc (NYSE:RDN) – Analysts at B. Riley issued their Q3 2019 earnings per share estimates for Radian Group in a research report issued to clients and investors on Friday, August 2nd. B. Riley analyst R. Binner forecasts that the insurance provider will post earnings of $0.69 per share for the quarter. B. Riley currently has a “Hold” rating and a $27.00 target price on the stock. B. Riley also issued estimates for Radian Group’s Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $2.90 EPS, Q1 2020 earnings at $0.73 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.76 EPS, Q4 2020 earnings at $0.77 EPS, Q1 2021 earnings at $0.76 EPS, Q2 2021 earnings at $0.77 EPS and FY2021 earnings at $3.10 EPS.
A number of other analysts have also issued reports on RDN. BTIG Research reiterated a “buy” rating and set a $29.00 price objective on shares of Radian Group in a research note on Thursday, August 1st. Compass Point reiterated a “buy” rating and set a $30.00 price objective (up previously from $26.50) on shares of Radian Group in a research note on Thursday, May 2nd. MKM Partners lifted their price objective on shares of Radian Group to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Barclays reiterated a “buy” rating and set a $27.00 price objective on shares of Radian Group in a research note on Monday, June 24th. Finally, Bank of America reiterated a “buy” rating and set a $27.00 price objective (up previously from $23.00) on shares of Radian Group in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.14.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The company had revenue of $394.96 million for the quarter, compared to analyst estimates of $352.77 million. Radian Group had a net margin of 43.66% and a return on equity of 18.01%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share.
Several hedge funds have recently added to or reduced their stakes in RDN. Bessemer Group Inc. acquired a new stake in shares of Radian Group during the second quarter worth approximately $87,000. Actinver Wealth Management Inc. acquired a new position in Radian Group in the fourth quarter worth $169,000. NN Investment Partners Holdings N.V. boosted its holdings in Radian Group by 39.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock worth $196,000 after purchasing an additional 2,400 shares during the period. Sullivan Bruyette Speros & Blaney LLC boosted its holdings in Radian Group by 5.6% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 10,562 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 562 shares during the period. Finally, Creative Planning acquired a new position in Radian Group in the second quarter worth $224,000. 93.57% of the stock is owned by institutional investors and hedge funds.
Radian Group Company Profile
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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