2 weeks Ago By ABMN Staff
Radian Group Inc. ( NYSE:RDN – Free Report ) – Roth Capital lifted their FY2024 earnings estimates for Radian Group in a report issued on Friday, November 8th. Roth Capital analyst H.
Fong now forecasts that the insurance provider will earn $3.95 per share for the year, up from their previous estimate of $3.80.
The consensus estimate for Radian Group’s current full-year earnings is $4.00 per share. Roth Capital also issued estimates for Radian Group’s Q1 2025 earnings at $0.
93 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $1.
01 EPS and FY2026 earnings at $4.00 EPS. Radian Group ( NYSE:RDN – Get Free Report ) last posted its quarterly earnings data on Wednesday, November 6th.
The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.
15. The business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.
30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.
96%. Check Out Our Latest Stock Analysis on Radian Group Radian Group Price Performance Shares of NYSE RDN opened at $34.60 on Monday.
The company has a debt-to-equity ratio of 0.34, a current ratio of 0.45 and a quick ratio of 1.
84. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 8.
96, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04.
The stock’s 50-day moving average is $34.54 and its two-hundred day moving average is $33.36.
Radian Group has a 1-year low of $24.92 and a 1-year high of $37.86.
Hedge Funds Weigh In On Radian Group A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Radian Group by 2.
1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after purchasing an additional 121,166 shares during the last quarter.
Intech Investment Management LLC acquired a new position in Radian Group in the 3rd quarter valued at $1,075,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A.
raised its position in Radian Group by 10.2% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.
A. now owns 711,960 shares of the insurance provider’s stock worth $24,698,000 after buying an additional 65,678 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Radian Group in the 3rd quarter worth $2,650,000.
Finally, Quest Partners LLC purchased a new stake in shares of Radian Group in the third quarter valued at about $1,161,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Insiders Place Their Bets In other news, EVP Eric Ray sold 53,791 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.
97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In other Radian Group news, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction that occurred on Thursday, September 5th.
The stock was sold at an average price of $35.36, for a total value of $1,243,010.08.
Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. The trade was a 0.
00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, EVP Eric Ray sold 53,791 shares of the stock in a transaction that occurred on Tuesday, August 27th.
The shares were sold at an average price of $35.67, for a total value of $1,918,724.97.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 115,955 shares of company stock valued at $4,130,140. 2.
16% of the stock is owned by corporate insiders. About Radian Group ( Get Free Report ) Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments.
The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.
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