Radian Group (NYSE:RDN) Stock, Quote.Headers.trade-ideas

Radian Group

Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.

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W.R. Berkley Corporation&#39;s (NYSE: WRB) board of directors approved a special cash dividend of 50 cents per share. Concurrently, the board also approved a 9.1% hike in annual cash dividend to 48 cents.

W.R. Berkley Boosts Shareholders&#39; Value Via Several Moves

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Old Republic International Corporation&#39;s (NYSE: ORI) solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and strong capital position make it worth adding to one&#39;s portfolio.

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Radian Group Inc

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<p><strong>Radian Group's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) short percent of float has fallen 9.07% since its last report. The company recently reported that it has <strong>5.04 million shares sold short</strong>, which is 3.91% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 7.02 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Radian Group Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726578025_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Radian Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Radian Group's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Radian Group's peer group average for short interest as a percentage of float is 4.23%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Peering Into Radian Group's Recent Short Interest

<p>In the latest quarter, 6 analysts provided ratings for Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $35.92, a high estimate of $40.00, and a low estimate of $31.50. Surpassing the previous average price target of $33.00, the current average has increased by 8.85%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722877226_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive Radian Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$39.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$37.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$40.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$32.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$36.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$31.50</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Radian Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Radian Group compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Radian Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Radian Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/RDN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Radian Group analyst ratings.</strong></a></p>
<h2>About Radian Group</h2>
<p>Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.</p>
<h3>Radian Group: A Financial Overview</h3>
<p><strong>Market Capitalization Analysis:</strong> With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.</p>
<p><strong>Revenue Growth:</strong> Radian Group displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately <strong>1.99%</strong>. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Radian Group's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>46.63%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Radian Group's ROE excels beyond industry benchmarks, reaching <strong>3.41%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Radian Group's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>1.91%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Radian Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.45</strong>.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Evaluating Radian Group: Insights From 6 Financial Analysts

<p>Keefe, Bruyette &amp; Woods  analyst Bose George   maintains Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) with a Outperform and raises the price target from $36 to $39.</p>


Price Target

Keefe, Bruyette & Woods Maintains Outperform on Radian Group, Raises Price Target to $39

<p>RBC Capital  analyst Scott Heleniak   maintains Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) with a Sector Perform and raises the price target from $32 to $37.</p>


RBC Capital Maintains Sector Perform on Radian Group, Raises Price Target to $37

<p>Roth MKM  analyst Harry Fong   maintains Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) with a Buy and raises the price target from $35 to $40.</p>


Roth MKM Maintains Buy on Radian Group, Raises Price Target to $40

<p>Barclays  analyst Mark Devries   maintains Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) with a Equal-Weight and raises the price target from $30 to $32.</p>


Barclays Maintains Equal-Weight on Radian Group, Raises Price Target to $32

<p>Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.90 by 10 percent.  The company reported quarterly sales of $237.731 million which missed the analyst consensus estimate of $237.929 million by 0.08 percent.  This is a 11.39 percent increase over sales of $213.429 million the same period last year.</p>


Earnings Beats

Earnings Misses

Radian Group Q2 2024 Adj. EPS $0.99 Beats $0.90 Estimate, Sales $237.731M Miss $237.929M Estimate

<p><strong>W.R. Berkley Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wrb#NYSE">WRB</a>) board of directors approved a special cash dividend of 50 cents per share. Concurrently, the board also approved a 9.1% hike in annual cash dividend to 48 cents. Shareholders, as of the close of business on Jun 24, 2024, will receive the quarterly dividend on Jun 28, 2024.<br />
The recent dividend hike is the 19th straight increase by the insurer. It also pays special dividends. Notably, WRB has continually paid dividends for nearly five decades.<br />
W.R. Berkley, banking on operational strength, has a solid balance sheet with sufficient liquidity and strong cash flows. A strong capital position enables the nation&#39;s largest commercial lines property casualty insurance provider to distribute wealth to shareholders via share repurchases, special dividends and dividend hikes.<br />
Apart from dividends, the company resorts to regular share buybacks as another way to enhance shareholder value.<br />
Improved pricing, expansion of international business, reserve discipline, a solid balance sheet and a prudent capital management policy should help WRB maintain its streak of dividend hikes and special dividends. The company targets a return on equity of 15% over the long term.<br />
Additionally, the board of directors has also approved a 3-for-2 stock split in the form of a stock dividend to shareholders of record as of Jun 24, 2024. The split will take effect on Jul 10.<br />
Shares of WRB have gained 10.5% year to date, compared with the industry&#39;s 14.2% increase. Its solid insurance business, strong international business and a sturdy financial position should help drive shares.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/57/68790.jpg?v=1465104723" /><br />
Image Source: Zacks Investment Research</p>
<p>WRB currently carries a Zacks Rank #5 (Strong Sell).</p>
<h3>Other Shareholder-Friendly Moves in the Insurance Space</h3>
<p>The board of directors of <strong>Radian Group </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rdn#NYSE">RDN</a>) authorized a share buyback program to return more value to investors. With the latest authorization, the board increased the authorization by $600 million to $900 million. The program remains active through Jun 30, 2026.<br />
Improving mortgage insurance portfolio, declining claims, a well-performing homogenous segment and a solid capital position should help the insurer deliver impressive results. This, in turn, should poise the company well with sufficient liquidity and aid in boosting shareholders&#39; value.<br />
Recently, the board of directors of <strong>AXIS Capital Holdings Limited </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) authorized a share buyback program to return more value to investors. The latest authorization will allow the company to spend up to $300 million to repurchase its common stock.<br />
Intensified focus on specialty lines, continuous investment in growth areas, including wholesale insurance and lower middle markets, exit from the volatile catastrophe and property reinsurance space and reduction of risk exposure while concentrating on accident and health, casualty, credit and surety, and specialty reinsurance lines should help the insurer deliver impressive results. This, in turn, should poise the company well with sufficient liquidity and aid in boosting shareholders&#39; value.<br />
The board of <strong>RenaissanceRe </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rnr#NYSE">RNR</a>) approved a renewal of the authorized share repurchase program, bringing the total current authorization to $500 million. RenaissanceRe boosts shareholder value by banking on its ability to generate free cash flow. In February 2024, the company&#39;s board of directors approved a 2.6% hike in the quarterly dividend. The increased dividend marked the 29th straight year of a dividend hike. Its dividend yield of 0.7% remains higher than the industry average of 0.3%.<br />
Improving premiums in specialty lines given market dislocation and rate increases, higher demand for reinsurance in Florida, and the acquisition of Validus Re, AlphaCat and the Talbot Treaty reinsurance business from AIG enhance the scale of its global property and casualty reinsurance business. These also boost profitability and thus aid in enhancing shareholders&#39; value.</p>
<p><a href="https://www.zacks.com/stock/news/2287963/w-r-berkley-wrb-boosts-shareholders-value-via-several-moves?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2287963">To read this article on Zacks.com click here.</a></p>


W.R. Berkley Boosts Shareholders' Value Via Several Moves

<p><strong>Old Republic International Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ori#NYSE">ORI</a>) solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and strong capital position make it worth adding to one&#39;s portfolio.</p>
<h3>Optimistic Growth Projections</h3>
<p>The Zacks Consensus Estimate for Old Republic&#39;s 2024 earnings per share indicates a year-over-year increase of 3.8%. The consensus estimate for revenues is pegged at $7.96 billion, implying a year-over-year improvement of 6.8%.<br />
The consensus estimate for 2025 earnings per share and revenues indicates an increase of 4.4% and 4%, respectively, from the corresponding 2024 estimates.<br />
Earnings have grown 10.3% in the past five years, better than the industry average of 9.2%</p>
<h3>Earnings Surprise History</h3>
<p>Old Republic has a solid record of beating earnings estimates in three of the last four quarters while missing in one, the average being 6.61%.</p>
<h3>Zacks Rank &amp; Price Performance</h3>
<p>ORI currently carries a Zacks Rank #2 (Buy). In the past year, the stock has gained 23.1%, outperforming the industry&#39;s growth of 19.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e9/68556.jpg?v=830495571" /><br />
Image Source: Zacks Investment Research</p>
<h3>Style Score</h3>
<p>Old Republic has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.<br />
Back-tested results have shown that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy) or 2 offer better returns.</p>
<h3>Attractive Valuation</h3>
<p>ORI shares are trading at a price-to-book multiple of 1.30, lower than the industry average of 2.53. The company has a Value Score of B. This style score helps find the most attractive value stocks.</p>
<h3>Business Tailwinds</h3>
<p>ORI&#39;s General Insurance segment should continue to benefit from segmentation, better risk selection, meticulous pricing and increased use of analytics. This, in turn, has helped deliver a combined ratio below 96 for 14 years. The insurer aims combined ratio between 90 and 95.<br />
The Title business, on the other hand, should continue to benefit from an expanding presence in the commercial real estate market.<br />
Banking on operational strength, this third-largest title insurer in the country distributes wealth to its shareholders in the form of dividends and share repurchases. ORI has an impressive dividend history banking on operational excellence. It has increased dividends for 43 straight years. It has been paying dividends for the last 83 years, besides paying special dividends occasionally, making it an attractive pick for yield-seeking investors. Its board recently approved a $1.1 billion share buyback program.<br />
Old Republic International is one of the 111 companies that have posted at least 28 consecutive years of annual dividend growth. The insurer has returned 12.6% per share for the last 10 years to shareholders.<br />
Return on invested capital in the trailing 12 months was 5.9%, better than the industry average of 2%, reflecting ORI&#39;s efficiency in utilizing funds to generate income.</p>
<h3>Other Stocks to Consider</h3>
<p>Some other top-ranked stocks from the multi-line insurance industry are <strong>Lemonade, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmnd#NYSE">LMND</a>), <strong>EverQuote, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) and <strong>Radian Group Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rdn#NYSE">RDN</a>), each carrying a Zacks Rank #2 at present.<br />
Lemonade has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 12.82%. Shares of LMND have plunged 22.2% in the past year.<br />
The Zacks Consensus Estimate for LMND&#39;s 2024 and 2025 earnings implies year-over-year growth of 13.5% and 18.3%, respectively.<br />
EverQuote&#39;s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 65.16%. Shares of EVER have skyrocketed 171.8% in the past year.<br />
The Zacks Consensus Estimate for EverQuote&#39;s 2024 and 2025 earnings per share indicates a year-over-year increase of 102.6% and 362.50%, respectively.<br />
Radian has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 22.79%. Shares of RDN have climbed 17% in the past year.<br />
The Zacks Consensus Estimate for RDN&#39;s 2024 and 2025 revenues implies year-over-year growth of 8.2% and 4.9%, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2286581/should-you-add-old-republic-ori-stock-for-better-returns?cid=CS-BENZ-FT-analyst_blog|rank_focused-2286581">To read this article on Zacks.com click here.</a></p>


<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.</p>
<ul>
<li>Guggenheim analyst Howard Ma upgraded the rating for <strong>MongoDB, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) from Sell to Neutral. MongoDB shares fell 23.9% to close at $236.06 on Friday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Bose George upgraded <strong>Radian Group Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) from Market Perform to Outperform, while raising the price target from $35 to $36. Independent Bank shares rose 0.9% to settle at $31.24 on Friday. <a href="https://www.benzinga.com/quote/RDN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Nik Modi upgraded the rating for <strong>Kimberly-Clark Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) from Sector Perform to Outperform and boosted the price target from $126 to $165. Kimberly-Clark shares rose 2.8% to settle at $133.30 on Friday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/KMB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Bose George upgraded <strong>MGIC Investment Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) from Market Perform to Outperform, while increasing the price target from $24 to $25. MGIC Investment shares rose 1.6% to close at $21.00 on Friday. <a href="https://www.benzinga.com/quote/MTG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC analyst Stephen Bersey upgraded the rating for <strong>Asana, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) from Reduce to Hold. Asana shares fell 0.6% to settle at $13.05 on Friday. <a href="https://www.benzinga.com/quote/ASAN/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<p>Keefe, Bruyette &amp; Woods  analyst Bose George   upgrades Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) from Market Perform to Outperform and raises the price target from $35 to $36.</p>


Keefe, Bruyette & Woods Upgrades Radian Group to Outperform, Raises Price Target to $36

<p>As of March 31, 2024, approximately 7 million shares for a total cost of&nbsp;$183 million, have been repurchased under this program, which was previously set to expire on January 31, 2025.</p>
<p>This expanded authorization will allow Radian the flexibility to repurchase an additional&nbsp;$600 million&nbsp;of shares based on market and business conditions, stock price and other factors, through privately negotiated, open market or other transactions.</p>
<p>The company&#39;s Board of Directors also approved a regular quarterly dividend on its common stock in the amount of&nbsp;$0.245&nbsp;per share, payable June 20, 2024, to stockholders of record as of June 4, 2024.</p>


Buybacks

Radian Boosts Share Repurchase Authorization From $300M To $900M And Program Extension To June 30, 2026

<p>UBS  analyst Douglas Harter   maintains Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) with a Neutral and raises the price target from $30 to $31.5.</p>


UBS Maintains Neutral on Radian Group, Raises Price Target to $31.5

<p><strong>EverQuote </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) delivered first-quarter 2024 earnings per share of 5 cents in contrast to the Zacks Consensus Estimate of a loss of 7 cents as well as the year-ago quarter&#39;s loss of 8 cents per share.<br />
Though the top line of $91 million declined 16.5% year over year, it beat the Zacks Consensus Estimate by 12.8%.<br />
Both the metrics exceeded expectations, likely reflecting the early stages of auto carrier recovery.</p>
<h3>EverQuote, Inc. Price, Consensus and EPS Surprise <a href="https://www.zacks.com/stock/chart/EVER/price-consensus-eps-surprise-chart?icid=chart-EVER-price-consensus-eps-surprise-chart"> </a></h3>
<p>&nbsp;</p>
<div class="chart_embed">
<h3><a href="https://www.zacks.com/stock/chart/EVER/price-consensus-eps-surprise-chart?icid=chart-EVER-price-consensus-eps-surprise-chart"><img alt="EverQuote, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d1/1715092618.png" style="height:265px; width:578px" title="" /> </a></h3>
<p>EverQuote, Inc. price-consensus-eps-surprise-chart | EverQuote, Inc. Quote</p>
</div>
<h3>Behind the Headlines</h3>
<p>Revenues from the Automotive insurance vertical were $77.5 million, down 13.6% year over year. The Zacks Consensus Estimate was pegged at $67 million. Our estimate was $64.6 million.<br />
Revenues in the Home and Renters insurance vertical totaled $12.7 million, which increased 34.2% year over year. The Zacks Consensus Estimate was pegged at $13.3 million. Our estimate was $15.3 million.<br />
Revenues in the Other insurance vertical totaled $0.1 million, which plunged 16.3% year over year.<br />
Total costs and operating expenses decreased 20% to $89.3 million, mainly due to the cost of&nbsp; revenues and lower sales and marketing, general and administrative and research and development expenses. Our estimate was $77.5 million.<br />
EverQuote&#39;s variable marketing margin decreased 13.4% year over year in the quarter under review to $30.8 million. Our estimate was $27.6 million, while the Zacks Consensus Estimate was pegged at $26.4 million.<br />
Adjusted EBITDA was $7.6 million, up 41.2% year over year. Our estimate was $4.5 million.</p>
<h3>Financial Update</h3>
<p>EverQuote exited the first quarter of 2024 with cash and cash equivalents of $48.6 million, up 28% from 2023-end. Total assets were $135.4 million, up 22.1% from 2022-end. Total stockholders&#39; equity increased 9.2% to $88.3 million.<br />
Cash from operations was $10.4 million in the reported quarter versus an outflow of $1.2 million in the year-ago quarter.</p>
<h3>Q2 Guidance</h3>
<p>EverQuote estimates revenues in the range of $100-$105 million, a variable marketing margin of $31-$33 million and adjusted EBITDA in the range of $7 million-$9 million.</p>
<h3>Zacks Rank</h3>
<p>EVER currently carries a Zacks Rank #2 (Buy).</p>
<h3>Performance of Other Insurers</h3>
<p><strong>MGIC Investment Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtg#NYSE">MTG</a>) reported first-quarter 2024 operating net income per share of 65 cents, which beat the Zacks Consensus Estimate by 8.3%. The better-than-expected earnings were driven by higher net investment income and lower underwriting and other expenses. The insurer continues to benefit from favorable credit trends and the resiliency of the housing market.&nbsp; The bottom line improved 20.3% year over year.<br />
MGIC Investment recorded total operating revenues of $303 million, which increased 3.8% year over year on higher net investment income. The top line, however, missed the consensus mark by 0.4%.<br />
Insurance in force declined 0.5% from the prior-year quarter to $290.9 billion. The company missed our estimate of $292.6 billion. The insurer witnessed a 2.5% decrease in primary delinquency to 24,142 loans. New insurance written was $9.1 billion, up 11% year over year, benefiting from favorable credit trends and the resiliency of the housing market.<br />
<strong>Radian Group Inc</strong>. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rdn#NYSE">RDN</a>) reported first-quarter 2024 adjusted operating income of $1.03 per share, which beat the Zacks Consensus Estimate by 24%. The bottom line increased 5.1% year over year. The results reflected improved persistency and a rise in premiums and insurance written, partially offset by higher expenses.<br />
Operating revenues rose 4.8% year over year to $318.9 million, primarily due to higher net premiums earned, services revenues and net investment income.<br />
MI New Insurance Written rose 2.4% year over year to $11.5 billion. Primary mortgage insurance in force was $271 billion as of Mar 31, 2024, up 4% year over year. The expense ratio was 25, which improved 90 bps from the year-ago quarter.<br />
<strong>Everest Group, Ltd</strong>.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eg#NYSE">EG</a>) first-quarter 2024 operating income of $16.32 per share beat the Zacks Consensus Estimate by 2.1%. The bottom line jumped 44.3% year over year. Everest Group&#39;s total operating revenues of $4.14 billion climbed 26% year over year on higher premiums earned and net investment income. The top line missed the consensus mark by 1.4%.<br />
Pre-tax underwriting income was $409 million, which soared 50% year over year. Pre-tax catastrophe losses net of estimated recoveries and reinstatement premiums were $85 million, narrower than the loss of $110 million in the year-ago quarter. The loss was due to the Francis Scott Key Bridge Collapse in Baltimore. The combined ratio improved 240 basis points year over year to 88.8 in the reported quarter. The figure matched the Zacks Consensus Estimate, while our estimate was 85.5.</p>
<p><a href="https://www.zacks.com/stock/news/2269879/everquote-ever-q1-earnings-top-estimates-revenues-fall-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2269879">To read this article on Zacks.com click here.</a></p>


EverQuote Q1 Earnings Top Estimates, Revenues Fall Y/Y

<p>Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $0.84 by 22.62 percent. This is a 5.1 percent increase over earnings of $0.98 per share from the same period last year.  The company reported quarterly sales of $235.857 million which missed the analyst consensus estimate of $236.627 million by 0.33 percent.  This is a 1.12 percent increase over sales of $233.238 million the same period last year.</p>


Radian Group Q1 2024 Adj EPS $1.03 Beats $0.84 Estimate, Sales $235.857M Miss $236.627M Estimate

<p>Keefe, Bruyette &amp; Woods  analyst Bose George   downgrades Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>) from Outperform to Market Perform and lowers the price target from $36 to $35.</p>


Downgrades

Keefe, Bruyette & Woods Downgrades Radian Group to Market Perform, Lowers Price Target to $35

<p>Today, March 12, 2024, <b>Radian Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>)</b> will distribute a dividend payout of $0.24 per share, highlighting an annualized dividend yield of 3.51%. Shareholders who owned the stock before the ex-dividend date on February 23, 2024 will be eligible for this payout.</p>
<h3>Radian Group Recent Dividend Payouts</h3>
<style>
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        }

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            background-color: #293a5a;
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        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-23</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>3.51%</td>
<td>2024-02-14</td>
<td>2024-02-26</td>
<td>2024-03-12</td>
</tr>
<tr>
<td>2023-11-24</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>3.37%</td>
<td>2023-11-15</td>
<td>2023-11-27</td>
<td>2023-12-12</td>
</tr>
<tr>
<td>2023-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>3.21%</td>
<td>2023-08-09</td>
<td>2023-08-21</td>
<td>2023-09-06</td>
</tr>
<tr>
<td>2023-05-26</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>3.6%</td>
<td>2023-05-17</td>
<td>2023-05-30</td>
<td>2023-06-14</td>
</tr>
<tr>
<td>2023-02-24</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>4.07%</td>
<td>2023-02-15</td>
<td>2023-02-27</td>
<td>2023-03-15</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.89%</td>
<td>2022-11-09</td>
<td>2022-11-21</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.6%</td>
<td>2022-08-10</td>
<td>2022-08-22</td>
<td>2022-09-01</td>
</tr>
<tr>
<td>2022-05-20</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.75%</td>
<td>2022-05-11</td>
<td>2022-05-23</td>
<td>2022-06-03</td>
</tr>
<tr>
<td>2022-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.32%</td>
<td>2022-02-09</td>
<td>2022-02-21</td>
<td>2022-03-03</td>
</tr>
<tr>
<td>2021-11-19</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>2.51%</td>
<td>2021-11-10</td>
<td>2021-11-22</td>
<td>2021-12-03</td>
</tr>
<tr>
<td>2021-08-20</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>2.42%</td>
<td>2021-08-11</td>
<td>2021-08-23</td>
<td>2021-09-02</td>
</tr>
<tr>
<td>2021-05-21</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>2.27%</td>
<td>2021-05-04</td>
<td>2021-05-24</td>
<td>2021-06-04</td>
</tr>
</tbody>
</table>
<p>Radian Group's dividend yield falls in the middle range when compared to its industry peers, with <b>Greystone Housing Impact (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHI#NYSE">GHI</a>)</b> having the highest annualized dividend yield at 8.82%.</p>
<h3>Analyzing Radian Group Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710255920_0.png" alt="dividend chart graph" /></p>
<p>Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.50 to $0.90, indicating the company's dedication to enhancing shareholder value through increased dividends.</p>
<h3>YoY Earnings Growth For Radian Group</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710255920_1.png" alt="earning chart graph" /></p>
<p>The earnings chart illustrates an increase in Radian Group's earnings per share, from $1.89 in 2020 to $3.98 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.</p>
<h3>Recap</h3>
<p>This article takes an in-depth look at Radian Group's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.24 per share today, translating to an annualized dividend yield of 3.51%.</p>
<p>Radian Group's dividend yield falls in the middle range when compared to its industry peers, with Greystone Housing Impact having the highest annualized dividend yield at 8.82%.</p>
<p>The upward trend in dividend per share and earnings per share for Radian Group from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.</p>
<p>It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.</p>
<p>\To read more news on Radian Group <a href="https://www.benzinga.com/stock//">click here</a></p>
<p><a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

Thriving with Robust Performance: Radian Group Delivers Growing Profits to Investors

<p>The Notes will pay interest semi-annually on May 15 and November 15, beginning on November 15, 2024, at a rate of 6.200% per year, and will mature on May 15, 2029.</p>
<p>The Company intends to use the net proceeds from the Offering to redeem the Company&#39;s 6.625% senior notes due March 2025. The Company expects to use the balance of the net proceeds, together with cash on hand, for general corporate purposes, which may include funding a portion of the redemption, repurchase or repayment of all or a portion of the Company&#39;s 4.500% senior notes due October 2024. This press release does not constitute a notice of redemption with respect to, or an offer to purchase, any securities.</p>


Radian Prices $625M Senior Unsecured Notes Due 2029

<p>Thursday marks the last chance for investors to receive the next  dividend payout from <strong>Radian Group</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDN#NYSE">RDN</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Wednesday that it would pay shareholders a quarterly dividend of 24.5 cents per share. On Friday, Radian Group will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 24.5 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own RDN as of the end of Thursday's session are eligible to receive the 24.5 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on March 12, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/quote/RDN">Monitor live stock price updates for Radian Group on Benzinga.</a></p>


Radian Group's Ex-Dividend Date Is Friday, Here's What You Need To Know

Radian Increases Quarterly Dividend By 9% From $0.225 To $0.245/Share

RDVI: Dividend-Growth ETF With 8% Yield

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Radian Group</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rdn-stock-quote/"><strong>RDN</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>Radian Group reported earnings per share of 99 cents. This was above the analyst estimate for EPS of 88 cents.</li><li>The company reported revenue of $237.73 million.</li><li>This was 0.08% worse than the analyst estimate for revenue of $237.93 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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									</ul><p>The post <a href="https://investorplace.com/earning-results/2024/07/rdn-stock-earnings-radian-group-for-q2-of-2024/">RDN Stock Earnings: Radian Group Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

RDN Stock Earnings: Radian Group Beats EPS, Misses Revenue for Q2 2024

KBW analyst Bose George assigned a Buy rating to Radian Group (RDN – Research Report) yesterday and set a price target of $36.00. The company's sha...

Radian Group (RDN) Receives a New Rating from a Top Analyst

Radian Group Inc. 2024 Q2 - Results - Earnings Call Presentation

Radian Group Inc. (RDN) Q2 2024 Earnings Call Transcript

In a report released today, Harry Fong from Roth MKM maintained a Buy rating on Radian Group (RDN – Research Report), with a price target of $40.00...

Roth MKM Sticks to Their Buy Rating for Radian Group (RDN)

Radian Group declares $0.245 dividend

Invesco Small Cap Equity Fund Q2 2024 Review

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Radian Group

Radian Group (RDN) Forecast

Radian Group (NYSE:RDN) Stock, Quote.Headers.trade-ideas