Radian Group Inc. (NYSE:RDN) will announce its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

Radian Group (NYSE:RDN) last released its earnings results on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. The company had revenue of $302.91 million for the quarter, compared to analyst estimates of $299.07 million. Radian Group had a net margin of 16.26% and a return on equity of 12.81%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, analysts expect Radian Group to post $1.73 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.

Radian Group Inc. (RDN) opened at 20.11 on Thursday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 23.09 and a beta of 1.51. The firm has a 50-day moving average of $18.05 and a 200-day moving average of $17.40. Radian Group Inc. has a 12-month low of $12.96 and a 12-month high of $20.32.

Radian Group declared that its board has authorized a share buyback plan on Wednesday, August 9th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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In other news, SVP Catherine Mary Jackson sold 17,130 shares of Radian Group stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $17.22, for a total transaction of $294,978.60. Following the completion of the sale, the senior vice president now directly owns 80,720 shares in the company, valued at approximately $1,389,998.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard G. Thornberry purchased 5,000 shares of Radian Group stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $16.54 per share, with a total value of $82,700.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $330,800. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

A number of brokerages have commented on RDN. Susquehanna Bancshares Inc set a $22.00 price objective on Radian Group and gave the stock a “buy” rating in a research report on Monday. BTIG Research restated a “buy” rating and set a $22.00 price objective on shares of Radian Group in a research report on Sunday. Compass Point restated a “neutral” rating and set a $21.25 price objective on shares of Radian Group in a research report on Saturday, October 14th. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Barclays PLC restated an “overweight” rating and set a $24.00 price objective (down from $25.00) on shares of Radian Group in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.91.

Radian Group Company Profile

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.

Earnings History for Radian Group (NYSE:RDN)

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