Radian Group (NYSE:RDN) had its price target lowered by stock analysts at Wells Fargo from $23.00 to $17.00 in a research note issued on Thursday. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Wells Fargo’s price target indicates a potential upside of 9.04% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada started coverage on shares of Radian Group in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $26.00 price target for the company. ValuEngine cut shares of Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. BTIG Research restated a “buy” rating and issued a $26.00 price target (up from $22.00) on shares of Radian Group in a research report 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 target for the company in a research report on Thursday, January 4th. Finally, Deutsche Bank upgraded shares of Radian Group from a “hold” rating to a “buy” rating and upped their price target for the company from $24.00 to $28.00 in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.78.
Shares of NYSE RDN opened at $15.59 on Thursday. 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 52-week low of $14.89 and a 52-week high of $23.49. The company has a market capitalization of $3,300.97, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.99 and a beta of 1.52.
Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. Radian Group had a net margin of 9.91% and a return on equity of 13.53%. The firm had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $322.32 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 15.8% on a year-over-year basis. research analysts expect that Radian Group will post 2.37 earnings per share for the current year.
Several large investors have recently bought and sold shares of RDN. APG Asset Management N.V. boosted its stake in shares of Radian Group by 159.3% in the 4th quarter. APG Asset Management N.V. now owns 1,617,100 shares of the insurance provider’s stock valued at $27,755,000 after purchasing an additional 993,400 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Radian Group by 63.8% in the 4th 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 purchasing an additional 856,375 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Radian Group by 23.0% in the 4th quarter. Investec Asset Management LTD now owns 4,362,115 shares of the insurance provider’s stock valued at $89,903,000 after purchasing an additional 815,149 shares during the last quarter. Avestar Capital LLC bought a new stake in shares of Radian Group in the 4th quarter valued at $12,564,000. Finally, Two Sigma Investments LP boosted its stake in shares of Radian Group by 474.4% in the 4th quarter. Two Sigma Investments LP now owns 606,116 shares of the insurance provider’s stock valued at $12,492,000 after purchasing an additional 500,586 shares during the last quarter. 94.49% of the stock is currently owned by institutional investors.
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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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