- Radian’s adjusted operating EPS for the fourth quarter is $1.09, exceeding both the previous year’s 96 cents and the estimated 94 cents.
- The company’s revenue stands at $315.9 million, a 3.9% decrease compared to the previous year, and falls short of the estimated $330.3 million.
- New insurance written by Radian amounts to $13.19 billion, reflecting a 24% increase from the previous year, surpassing the estimate of $12.68 billion.
- Net premiums earned by the company are $238.6 million, marking a 2.5% growth year-over-year, and slightly above the estimated $235.8 million.
- Radian’s book value per share is $31.33, showing growth from the previous year’s $28.71, but slightly below the estimated $31.81.
- The reserve for losses and loss adjustment expenses is $360.3 million, a 2.7% decrease compared to the previous year, lower than the estimated $388.2 million.
- Earnings per share (EPS) total 98 cents compared to last year’s 91 cents.
- Analyst recommendations include 3 buys, 3 holds, and 1 sell for Radian.
Radian Group on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely following Radian Group, a company in the financial sector. Baptista Research recently published reports on Radian Group‘s performance, highlighting key aspects of the company’s financial health and growth. For example, in a report titled “Radian Group: These Are The 5 Biggest Challenges In Its Path! – Major Drivers,” Baptista Research emphasized Radian Group‘s robust financial results for the third quarter of 2024. The company reported strong net income of $152 million, demonstrating stability and growth. Adjusted diluted net operating income also remained stable at $1.03 per share, indicating a positive earnings environment.
Furthermore, Baptista Research‘s report “Radian Group Inc.: Investment in Growth and Diverse Revenue Streams! – Major Drivers” focused on Radian Group‘s consistent progress in its primary business sectors. The second quarter of 2024 showed significant achievements for the company, including a 12% year-over-year increase in book value per share to $29.66 and a revenue surge to $321 million. With a net income of $152 million, Radian Group‘s strategic investments in growth and diverse revenue streams have been paying off, as observed by independent analysts on platforms like Smartkarma.
A look at Radian Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores, Radian Group is positioned for a positive long-term outlook. With strong scores of 4 in Value, Dividend, and Growth factors, the company demonstrates promising financial health and potential for future growth. Additionally, Radian Group received scores of 3 in Resilience and Momentum, indicating a stable performance and a steady pace of development in the market.
Radian Group Inc. specializes in financial guarantee insurance, aiding homebuyers in faster home purchases with smaller down payments. Their services protect lenders from loan defaults and reduce mortgage origination and servicing costs. Furthermore, they extend insurance and reinsurance to investors involved in corporate, municipal, and asset-backed securities. Given their robust Smart Scores across key factors, Radian Group appears well-positioned to navigate the financial landscape successfully in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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