Radian Group (NYSE:RDN) Earns "Buy (A-)" Rating from Weiss Ratings

Radian Group (NYSE:RDN - Get Free Report)'s stock had its "buy (a-)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

RDN has been the topic of several other research reports. Barclays upped their target price on Radian Group from $35.00 to $37.00 and gave the company a "cautious" rating in a research report on Monday. Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a research report on Monday, July 7th. Zacks Research raised Radian Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $38.00 target price (up previously from $36.00) on shares of Radian Group in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.50.

Radian Group Price Performance

Shares of NYSE RDN opened at $34.39 on Wednesday. Radian Group has a twelve month low of $29.32 and a twelve month high of $38.84. The business's 50 day moving average price is $34.95 and its two-hundred day moving average price is $34.08. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.66 billion, a PE ratio of 8.66 and a beta of 0.73.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company had revenue of $318.00 million for the quarter, compared to the consensus estimate of $321.97 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that Radian Group will post 3.79 EPS for the current year.

Insiders Place Their Bets

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the sale, the executive vice president directly owned 153,708 shares in the company, valued at $5,687,196. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDN. GAMMA Investing LLC lifted its stake in shares of Radian Group by 6.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,157 shares of the insurance provider's stock valued at $332,000 after acquiring an additional 522 shares during the last quarter. State of Wyoming raised its position in Radian Group by 14.9% in the second quarter. State of Wyoming now owns 5,931 shares of the insurance provider's stock valued at $214,000 after purchasing an additional 771 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Radian Group by 17.2% during the second quarter. Evergreen Capital Management LLC now owns 9,490 shares of the insurance provider's stock valued at $342,000 after purchasing an additional 1,393 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Radian Group during the second quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Radian Group by 74.8% during the second quarter. Tower Research Capital LLC TRC now owns 28,703 shares of the insurance provider's stock valued at $1,034,000 after purchasing an additional 12,284 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.

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