Stock analysts at Royal Bank of Canada began coverage on shares of Radian Group (NYSE:RDN) in a report released on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating and a $26.00 price target on the insurance provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 17.17% from the stock’s current price.
Several other research analysts also recently commented on the company. Deutsche Bank boosted their target price on Radian Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of Radian Group in a research note on Sunday, October 29th. Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.75 to $24.75 in a report on Friday, October 27th. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, October 10th. Finally, ValuEngine cut Radian Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.28.
Shares of Radian Group (NYSE RDN) traded up $0.68 during midday trading on Wednesday, reaching $22.19. The company’s stock had a trading volume of 1,857,391 shares, compared to its average volume of 1,657,793. 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 firm has a market capitalization of $4,707.94, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.48 and a beta of 1.54. Radian Group has a 12-month low of $15.58 and a 12-month high of $22.66.
Several large investors have recently added to or reduced their stakes in RDN. Aperio Group LLC boosted its holdings in Radian Group by 13.1% in the second quarter. Aperio Group LLC now owns 37,316 shares of the insurance provider’s stock valued at $610,000 after acquiring an additional 4,324 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Radian Group by 10.2% in the second quarter. TD Asset Management Inc. now owns 70,100 shares of the insurance provider’s stock valued at $1,146,000 after acquiring an additional 6,500 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Radian Group by 106.5% in the second quarter. Canada Pension Plan Investment Board now owns 98,100 shares of the insurance provider’s stock valued at $1,604,000 after acquiring an additional 50,600 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Radian Group by 17.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,133,761 shares of the insurance provider’s stock valued at $18,537,000 after acquiring an additional 170,419 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Radian Group by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock valued at $283,000 after acquiring an additional 485 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.
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About Radian Group
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.
