Radian Group (RDN) Given New $28.00 Price Target at Barclays

Radian Group (NYSE:RDN) had its price target lowered by Barclays from $31.00 to $28.00 in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the insurance provider’s stock.

RDN has been the subject of several other reports. BTIG Research reiterated a buy rating and set a $26.00 target price (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Deutsche Bank reduced their target price on Radian Group from $30.00 to $26.00 and set a buy rating for the company in a research note on Tuesday. Zacks Investment Research upgraded Radian Group from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a research note on Thursday, January 4th. Wells Fargo reiterated a hold rating on shares of Radian Group in a research note on Thursday, January 18th. Finally, B. Riley cut Radian Group from a buy rating to a neutral rating and set a $22.00 target price for the company. in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $24.28.

Radian Group stock opened at $16.29 on Wednesday. The company has a market cap of $3,504.04, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.03 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.28. Radian Group has a 52 week low of $15.52 and a 52 week high of $23.49.



Radian Group (NYSE:RDN) last released its earnings results on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $322.32 million. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. analysts forecast that Radian Group will post 2.41 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Radian Group by 2.7% during the fourth quarter. BlackRock Inc. now owns 14,438,816 shares of the insurance provider’s stock worth $297,583,000 after purchasing an additional 377,393 shares during the last quarter. Investec Asset Management LTD lifted its stake in Radian Group by 23.0% during the fourth quarter. Investec Asset Management LTD now owns 4,362,115 shares of the insurance provider’s stock worth $89,903,000 after purchasing an additional 815,149 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Radian Group by 3.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,842,363 shares of the insurance provider’s stock worth $58,582,000 after purchasing an additional 103,941 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Radian Group by 63.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,600 shares of the insurance provider’s stock worth $45,313,000 after purchasing an additional 856,375 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Radian Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,809,858 shares of the insurance provider’s stock worth $37,301,000 after purchasing an additional 5,077 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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About Radian Group

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

Analyst Recommendations for Radian Group (NYSE:RDN)

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