Radian Group (NYSE:RDN) Rating Lowered to Buy at ValuEngine

Radian Group (NYSE:RDN) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday, January 10th.

Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank raised shares of Radian Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $28.00 in a research note on Monday, January 8th. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Thursday, January 4th. B. Riley lowered shares of Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Thursday, January 4th. Royal Bank of Canada began coverage on shares of Radian Group in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, BTIG Research reaffirmed a “buy” rating and issued a $26.00 price objective (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.89.

Radian Group (RDN) traded up $0.30 on Wednesday, hitting $23.19. 1,438,150 shares of the company were exchanged, compared to its average volume of 1,159,434. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $4,998.95, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.57. Radian Group has a one year low of $15.58 and a one year high of $23.20.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $312.05 million for the quarter, compared to analysts’ expectations of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. research analysts predict that Radian Group will post 1.75 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new stake in shares of Radian Group in the 4th quarter worth $388,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Radian Group by 12.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,490,592 shares of the insurance provider’s stock valued at $30,722,000 after purchasing an additional 167,086 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Radian Group in the third quarter valued at approximately $110,000. Sterling Capital Management LLC boosted 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 buying an additional 13,610 shares in the last quarter. Finally, Colony Group LLC boosted 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 buying an additional 3,725 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

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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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Analyst Recommendations for Radian Group (NYSE:RDN)

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