Radian Group (NYSE:RDN)‘s stock had its “hold” rating restated by research analysts at Wells Fargo & Co in a note issued to investors on Thursday.
Several other research analysts have also recently issued reports on RDN. Deutsche Bank raised Radian Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $28.00 in a research note on Monday, January 8th. B. Riley cut Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Thursday, January 4th. ValuEngine cut Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Thursday, January 4th. Finally, BTIG Research reaffirmed a “buy” rating and set a $22.00 target price on shares of Radian Group in a research report on Sunday, October 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.89.
Radian Group (NYSE RDN) opened at $22.26 on Thursday. Radian Group has a 52 week low of $15.58 and a 52 week high of $22.82. The stock has a market capitalization of $4,770.46, a P/E ratio of 28.54, a P/E/G ratio of 1.92 and a beta of 1.57. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34.
Institutional investors and hedge funds have recently modified their holdings of the company. Beacon Capital Management purchased a new stake in shares of Radian Group during the 4th quarter valued at $0. Sullivan Bruyette Speros & Blaney Inc. purchased a new stake in shares of Radian Group during the 2nd quarter valued at $104,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Radian Group during the 3rd quarter valued at $110,000. Quantbot Technologies LP purchased a new position in Radian Group in the 1st quarter worth $114,000. Finally, Fox Run Management L.L.C. purchased a new position in Radian Group in the 2nd quarter worth $126,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.
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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.
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