Radian Group (NYSE:RDN) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday, February 2nd.
RDN has been the topic of several other research reports. BTIG Research restated a “buy” rating and set a $26.00 target price (up previously from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, January 4th. Wells Fargo & Co reiterated a “hold” rating on shares of Radian Group in a research note on Thursday, January 18th. Deutsche Bank increased their price objective on shares of Radian Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, B. Riley cut shares of Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Radian Group currently has a consensus rating of “Buy” and an average target price of $24.52.
Shares of Radian Group (NYSE RDN) opened at $20.95 on Friday. The firm has a market cap of $4,469.51, a PE ratio of 11.38, a PEG ratio of 1.33 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 1.23. Radian Group has a 1 year low of $15.58 and a 1 year high of $23.49.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. Radian Group had a net margin of 9.91% and a return on equity of 13.59%. Radian Group’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. research analysts anticipate that Radian Group will post 2.4 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Radian Group by 27.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,342,225 shares of the insurance provider’s stock valued at $25,086,000 after purchasing an additional 292,200 shares in the last quarter. IndexIQ Advisors LLC grew its holdings in shares of Radian Group by 83.1% in the third quarter. IndexIQ Advisors LLC now owns 48,260 shares of the insurance provider’s stock valued at $902,000 after purchasing an additional 21,904 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Radian Group by 57.0% in the third quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock valued at $38,984,000 after purchasing an additional 757,490 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Radian Group by 28.6% during the third quarter. Canada Pension Plan Investment Board now owns 126,200 shares of the insurance provider’s stock worth $2,359,000 after buying an additional 28,100 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Radian Group by 45.8% during the third quarter. Nordea Investment Management AB now owns 639,207 shares of the insurance provider’s stock worth $11,947,000 after buying an additional 200,673 shares during the period. 91.66% of the stock is owned by hedge funds and other institutional investors.
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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.
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