Radian Group Inc (RDN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.37 EPS for the quarter. Analysts had a consensus estimate of $0.37. The company posted revenue of $312.90 million in the period, compared to analysts expectations of $286.58 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Radian Group Inc. Deutsche Bank Initiated Radian Group Inc on Apr 5, 2016 to “Buy”, Price Target of the shares are set at $16.Company shares were Reiterated by FBR Capital on Mar 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Shares were Reiterated by Compass Point on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 14 from a previous price target of $19 .
Radian Group Inc opened for trading at $12.28 and hit $12.445 on the upside on Friday, eventually ending the session at $12.41, with a gain of 1.31% or 0.16 points. The heightened volatility saw the trading volume jump to 23,10,606 shares. Company has a market cap of $2,451 M.
In a different news, on Feb 4, 2016, Sanford A Ibrahim (CEO) purchased 25,000 shares at $10.11 per share price. According to the SEC, on Feb 4, 2016, Catherine Mary Jackson (SVP, Chief Accounting Officer) purchased 34,000 shares at $10.19 per share price. On Feb 4, 2016, Edward J Hoffman (EVP, General Counsel) purchased 7,500 shares at $10.05 per share price, according to the Form-4 filing with the securities and exchange commission.
Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage principally through private mortgage insurance to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators such as mortgage bankers mortgage brokers commercial banks savings institutions credit unions and community banks.