Revenue Update on Radian Group Inc(NYSE:RDN)

Radian Group Inc(NYSE:RDN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $229.09M. Analysts estimated a revenue of $223.78M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.39.

In a different note, On Jun 30, 2016, FBR Capital said it Upgrades its rating on Radian Group Inc. The shares have been rated ‘Outperform’ by the firm. On May 2, 2016, Credit Suisse said it Maintains its rating on Radian Group Inc. In the research note, the firm Lowers the price-target to $17.50 per share. The shares have been rated ‘Neutral’ by the firm.

Radian Group Inc (RDN) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.24% at a volume of 20,05,154. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.865. The peak price level was also seen at $12.865 while the days lowest was $12.63. Finally the shares closed at $12.7. The 52-week high of the shares is $18.6 while the 52-week low is $9.29. According to the latest information available, the market cap of the company is $2,721 M.

Several Insider Transactions has been reported to the SEC. On Feb 4, 2016, Sanford A Ibrahim (CEO) purchased 25,000 shares at $10.11 per share price.Also, 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 Company’s 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.

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