Radian Group (RDN) Rating Lowered to Buy at ValuEngine

Radian Group (NYSE:RDN) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, October 10th. BTIG Research reaffirmed a “buy” rating and issued a $26.00 target price (up previously from $22.00) on shares of Radian Group in a report on Wednesday, December 20th. Susquehanna Bancshares set a $22.00 price objective on shares of Radian Group and gave the company a “buy” rating in a report on Monday, October 16th. B. Riley reissued a “buy” rating on shares of Radian Group in a report on Monday, November 6th. Finally, Compass Point raised shares of Radian Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.75 to $24.75 in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock 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 trading on Wednesday, reaching $22.13. 1,414,425 shares of the company traded hands, compared to its average volume of 1,267,656. The company has a market cap of $4,770.45, a P/E ratio of 12.87, a P/E/G ratio of 1.92 and a beta of 1.57. 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 one year low of $15.58 and a one year high of $22.82.

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, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $312.05 million during the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. Radian Group’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. analysts anticipate that Radian Group will post 1.75 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. raised its position in shares of Radian Group by 27.8% during the 3rd 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 buying an additional 292,200 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of Radian Group by 83.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 48,260 shares of the insurance provider’s stock valued at $902,000 after buying an additional 21,904 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Radian Group by 57.0% during the 3rd quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock valued at $38,984,000 after buying an additional 757,490 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Radian Group by 28.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 126,200 shares of the insurance provider’s stock valued at $2,359,000 after buying an additional 28,100 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Radian Group by 45.8% during the 3rd quarter. Nordea Investment Management AB now owns 639,207 shares of the insurance provider’s stock valued at $11,947,000 after buying an additional 200,673 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

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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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