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Equities researchers at Keefe, Bruyette & Woods lowered their price objective on shares of Radian Group (NYSE:RDN) from $18.50 to $17.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 25.28% from the company’s current price.

The analysts wrote, “Radian reported a positive operating quarter with the beat versus us driven by lower incurred losses. We are raising our 2014 estimates to reflect lower credit losses, but lower our long term estimates and PT on reduced market share and lower returns. Management noted that returns under PMIERs (the proposed new capital rules from FHFA) would be in mid-teens based on the current book of business. Maintain OP.”

Shares of Radian Group (NYSE:RDN) opened at 13.57 on Wednesday. Radian Group has a 52-week low of $12.18 and a 52-week high of $16.24. The stock has a 50-day moving average of $13.67 and a 200-day moving average of $14.57. The company has a market cap of $2.592 billion and a price-to-earnings ratio of 6.57.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.50. The company had revenue of $222.37 million for the quarter, compared to the consensus estimate of $210.70 million. During the same quarter last year, the company posted ($0.19) earnings per share. Radian Group’s revenue was down .4% compared to the same quarter last year. Analysts expect that Radian Group will post $2.08 EPS for the current fiscal year.

Separately, analysts at Credit Suisse raised their price target on shares of Radian Group from $14.00 to $15.00 in a research note on Monday, May 19th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $17.33.

Radian Group Inc (NYSE:RDN) is a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien loans (first-lien).

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