B. Riley Weighs in on Radian Group Inc’s Q2 2019 Earnings (NYSE:RDN)

Radian Group Inc (NYSE:RDN) – B. Riley issued their Q2 2019 earnings per share (EPS) estimates for Radian Group in a research report issued on Wednesday, June 26th, Zacks Investment Research reports. B. Riley analyst R. Binner anticipates that the insurance provider will post earnings of $0.70 per share for the quarter. B. Riley also issued estimates for Radian Group’s FY2019 earnings at $2.85 EPS and FY2021 earnings at $3.20 EPS.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Barclays restated an “overweight” rating and set a GBX 310 ($4.05) target price on shares of in a research report on Monday, June 24th. Bank of America restated a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Compass Point upgraded Randolph Bancorp from a “sell” rating to a “neutral” rating in a research report on Thursday, May 2nd. Finally, MKM Partners boosted their target price on Radian Group to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Radian Group currently has an average rating of “Hold” and a consensus target price of $25.57.

RDN traded down $0.13 on Thursday, hitting $23.33. The company had a trading volume of 1,380,646 shares, compared to its average volume of 1,335,968. The firm has a market cap of $4.82 billion, a P/E ratio of 8.67, a PEG ratio of 1.63 and a beta of 1.48. Radian Group has a 12-month low of $14.77 and a 12-month high of $24.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.87 and a current ratio of 1.87. The company’s fifty day moving average is $23.24.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $363.63 million during the quarter, compared to analyst estimates of $342.44 million. Radian Group had a return on equity of 17.82% and a net margin of 49.25%. The firm’s revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share.

Hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in shares of Radian Group in the 4th quarter valued at $33,000. Toronto Dominion Bank purchased a new stake in Radian Group in the fourth quarter valued at $52,000. Bessemer Group Inc. purchased a new stake in Radian Group in the second quarter valued at $87,000. Bank of Montreal Can boosted its stake in shares of Radian Group by 22.7% during the 4th quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock worth $138,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Actinver Wealth Management Inc. purchased a new stake in shares of Radian Group during the 4th quarter worth about $169,000. 94.07% of the stock is currently 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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