Radian Group Inc. (RDN) Research Coverage Started at Bank of America Corp.
Bank of America Corp. began coverage on shares of Radian Group Inc. (NYSE:RDN) in a note issued to investors on Monday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other equities research analysts have also weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $22.00 target price on shares of Radian Group in a research report on Wednesday, July 6th. TheStreet raised Radian Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research lowered Radian Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. Finally, FBR & Co lifted their target price on Radian Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Radian Group presently has a consensus rating of “Buy” and an average target price of $16.75.
Shares of Radian Group (NYSE:RDN) opened at 13.74 on Monday. Radian Group has a 52-week low of $9.29 and a 52-week high of $16.86. The company’s 50 day moving average price is $13.62 and its 200 day moving average price is $12.41. The stock has a market capitalization of $2.95 billion, a PE ratio of 10.30 and a beta of 2.01.
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Radian Group (NYSE:RDN) last issued its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. The business earned $330.20 million during the quarter, compared to analyst estimates of $224.68 million. Radian Group had a return on equity of 12.64% and a net margin of 25.42%. During the same period in the previous year, the company posted $0.40 EPS. On average, equities research analysts anticipate that Radian Group will post $1.54 EPS for the current year.
In other Radian Group news, EVP Derek Brummer bought 16,000 shares of Radian Group stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average cost of $12.87 per share, with a total value of $205,920.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.83% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in RDN. Sullivan Bruyette Speros & Blaney Inc. acquired a new position in shares of Radian Group during the second quarter valued at about $104,000. Landscape Capital Management L.L.C. purchased a new stake in Radian Group during the second quarter valued at $106,000. Fox Run Management L.L.C. purchased a new stake in Radian Group during the second quarter valued at $126,000. Genesee Valley Trust Co. increased its stake in Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock valued at $127,000 after buying an additional 274 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Radian Group by 16.1% in the second quarter. Nuveen Asset Management LLC now owns 14,254 shares of the company’s stock valued at $149,000 after buying an additional 1,980 shares during the last quarter. 93.34% of the stock is currently owned by institutional investors.
About Radian Group
Radian Group Inc is a 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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