Radian Group (NYSE:RDN) Stock Rating Reaffirmed by BTIG Research

BTIG Research reissued their buy rating on shares of Radian Group (NYSE:RDN) in a research report report published on Wednesday, December 20th, Marketbeat Ratings reports. They currently have a $26.00 price objective on the insurance provider’s stock, up from their previous price objective of $22.00.

Several other research analysts have also commented on RDN. Wells Fargo & Co started coverage on Radian Group in a report on Tuesday, November 28th. They set a market perform rating and a $22.00 price objective for the company. B. Riley restated a buy rating on shares of Radian Group in a research report on Monday, November 6th. ValuEngine upgraded Radian Group from a buy rating to a strong-buy rating in a research report on Tuesday, September 26th. Susquehanna Bancshares set a $22.00 target price on Radian Group and gave the stock a buy rating in a research report on Monday, October 16th. Finally, Compass Point restated a neutral rating and issued a $21.25 target price on shares of Radian Group in a research report on Saturday, October 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Radian Group has a consensus rating of Buy and an average target price of $23.89.

Shares of Radian Group (NYSE RDN) traded down $0.28 during midday trading on Wednesday, hitting $22.13. The stock had a trading volume of 1,414,425 shares, compared to its average volume of 1,470,000. Radian Group has a 52 week low of $15.58 and a 52 week high of $22.82. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4,770.00, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.57.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The company had revenue of $312.05 million during the quarter, compared to analyst estimates of $321.10 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Radian Group’s revenue was down 2.8% on a year-over-year basis. analysts anticipate that Radian Group will post 1.75 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its position in Radian Group by 1.4% in the second quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock valued at $449,000 after purchasing an additional 376 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Radian Group by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 485 shares during the last quarter. OxFORD Asset Management LLP lifted its position in Radian Group by 3.6% in the second quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 555 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Radian Group by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock valued at $2,715,000 after purchasing an additional 766 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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About Radian Group

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.

Analyst Recommendations for Radian Group (NYSE:RDN)

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