Radian Group (RDN) Upgraded to Strong-Buy at ValuEngine

Radian Group (NYSE:RDN) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also recently commented on RDN. Zacks Investment Research raised Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 10th. Compass Point reaffirmed a “neutral” rating and set a $21.25 price target on shares of Radian Group in a research report on Saturday, October 14th. BTIG Research reissued a “buy” rating and set a $22.00 price objective on shares of Radian Group in a report on Sunday, October 15th. Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Deutsche Bank increased their price objective on Radian Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.52.

Radian Group (RDN) traded down $0.37 during mid-day trading on Friday, reaching $22.44. The company’s stock had a trading volume of 1,032,505 shares, compared to its average volume of 1,082,508. Radian Group has a twelve month low of $15.58 and a twelve month high of $23.49. 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 $4,837.28, a PE ratio of 41.56, a P/E/G ratio of 1.89 and a beta of 1.58.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. The firm had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $322.32 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. equities research analysts forecast that Radian Group will post 2.39 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in Radian Group during the 4th quarter worth about $120,000. Wealthcare Advisory Partners LLC purchased a new stake in Radian Group during the 3rd quarter worth about $110,000. Meeder Asset Management Inc. lifted its holdings in Radian Group by 75.9% during the 4th quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock worth $153,000 after purchasing an additional 3,220 shares in the last quarter. Zacks Investment Management bought a new position in Radian Group in the 2nd quarter worth about $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Radian Group by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 4,021 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Radian Group (NYSE:RDN)

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