Radian Group (NYSE:RDN) Upgraded to “Buy” at Deutsche Bank

Radian Group (NYSE:RDN) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report released on Monday, January 8th, Marketbeat reports. The firm presently has a $28.00 price objective on the insurance provider’s stock, up from their prior price objective of $24.00. Deutsche Bank’s target price indicates a potential upside of 26.53% from the company’s current price.

RDN has been the topic of several other reports. BTIG Research reiterated a “buy” rating and set a $26.00 price target (up previously from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Thursday, January 4th. B. Riley cut Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Thursday, January 4th. Compass Point reissued a “neutral” rating and issued a $21.25 price objective on shares of Radian Group in a report on Saturday, October 14th. Finally, FBR & Co reissued a “buy” rating on shares of Radian Group in a report on Thursday, October 26th. 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 given a strong buy rating to the stock. Radian Group currently has an average rating of “Buy” and a consensus target price of $23.89.

Shares of Radian Group (RDN) remained flat at $$22.13 during mid-day trading on Monday. The company had a trading volume of 1,039,900 shares, compared to its average volume of 1,394,680. Radian Group has a twelve month low of $15.58 and a twelve month high of $22.82. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4,760.00, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $312.05 million during the quarter, compared to analyst estimates of $321.10 million. During the same period in the previous year, the company posted $0.41 EPS. Radian Group’s revenue was down 2.8% on a year-over-year basis. research analysts anticipate that Radian Group will post 1.75 EPS for the current year.

Several hedge funds have recently bought and sold shares of RDN. Wealthcare Advisory Partners LLC purchased a new position in Radian Group in the third quarter worth approximately $110,000. Sterling Capital Management LLC raised its stake in shares of Radian Group by 5.1% in the third quarter. Sterling Capital Management LLC now owns 279,263 shares of the insurance provider’s stock valued at $5,219,000 after acquiring an additional 13,610 shares in the last quarter. Colony Group LLC raised its stake in shares of Radian Group by 2.8% in the third quarter. Colony Group LLC now owns 137,643 shares of the insurance provider’s stock valued at $2,573,000 after acquiring an additional 3,725 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Radian Group by 4.8% in the third quarter. California Public Employees Retirement System now owns 420,739 shares of the insurance provider’s stock valued at $7,864,000 after acquiring an additional 19,239 shares in the last quarter. Finally, Crestline Management LP raised its stake in shares of Radian Group by 57.5% in the third quarter. Crestline Management LP now owns 66,804 shares of the insurance provider’s stock valued at $1,249,000 after acquiring an additional 24,388 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

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Radian Group Company Profile

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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