Shares of Radian Group (NYSE:RDN) have earned an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.84.
A number of research firms have issued reports on RDN. Deutsche Bank decreased their target price on Radian Group from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 10th. ValuEngine cut Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 14th. Barclays upped their price objective on Radian Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Susquehanna Bancshares set a $27.00 price objective on Radian Group and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Finally, TheStreet lowered Radian Group from a “b-” rating to a “c+” rating in a report on Tuesday, April 10th.
Shares of Radian Group stock opened at $16.27 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. Radian Group has a 12 month low of $15.52 and a 12 month high of $23.49. The firm has a market cap of $3,465.15, a P/E ratio of 8.81, a P/E/G ratio of 1.04 and a beta of 1.52.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The business had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $322.32 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. equities research analysts anticipate that Radian Group will post 2.38 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. APG Asset Management N.V. raised its stake in Radian Group by 159.3% in the fourth quarter. APG Asset Management N.V. now owns 1,617,100 shares of the insurance provider’s stock valued at $27,755,000 after buying an additional 993,400 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Radian Group by 63.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,600 shares of the insurance provider’s stock valued at $45,313,000 after buying an additional 856,375 shares during the period. Investec Asset Management LTD raised its stake in Radian Group by 23.0% in the fourth quarter. Investec Asset Management LTD now owns 4,362,115 shares of the insurance provider’s stock valued at $89,903,000 after buying an additional 815,149 shares during the period. Avestar Capital LLC bought a new stake in Radian Group in the fourth quarter valued at approximately $12,564,000. Finally, Two Sigma Investments LP raised its stake in Radian Group by 474.4% in the fourth quarter. Two Sigma Investments LP now owns 606,116 shares of the insurance provider’s stock valued at $12,492,000 after buying an additional 500,586 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.
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About Radian Group
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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