Radian Group (RDN) Cut to “Sector Perform” at Royal Bank of Canada

Royal Bank of Canada lowered shares of Radian Group (NYSE:RDN) from an outperform rating to a sector perform rating in a research note released on Tuesday morning, MarketBeat Ratings reports. Royal Bank of Canada currently has $26.00 price target on the insurance provider’s stock.

A number of other research analysts also recently issued reports on the stock. Wells Fargo restated a hold rating on shares of Radian Group in a research report on Thursday, January 18th. ValuEngine downgraded shares of Radian Group from a strong-buy rating to a buy rating in a research report on Wednesday, January 10th. BTIG Research restated a buy rating and issued a $26.00 price target (up from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Radian Group from a hold rating to a strong-buy rating and set a $24.00 price objective on the stock in a report on Thursday, January 4th. Finally, Deutsche Bank raised shares of 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 report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $24.28.

Radian Group stock opened at $16.13 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 1.28. Radian Group has a 1 year low of $15.52 and a 1 year high of $23.49. The stock has a market capitalization of $3,519.16, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.52.



Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. Radian Group had a net margin of 9.91% and a return on equity of 13.53%. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. During the same period last year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. research analysts expect that Radian Group will post 2.38 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in RDN. APG Asset Management N.V. increased its holdings in shares of Radian Group by 159.3% in the 4th quarter. APG Asset Management N.V. now owns 1,617,100 shares of the insurance provider’s stock worth $27,755,000 after acquiring an additional 993,400 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Radian Group by 63.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,600 shares of the insurance provider’s stock valued at $45,313,000 after buying an additional 856,375 shares during the period. Investec Asset Management LTD increased its stake in Radian Group by 23.0% during the 4th quarter. Investec Asset Management LTD now owns 4,362,115 shares of the insurance provider’s stock valued at $89,903,000 after buying an additional 815,149 shares during the period. Avestar Capital LLC acquired a new position in Radian Group during the 4th quarter valued at about $12,564,000. Finally, Two Sigma Investments LP increased its stake in Radian Group by 474.4% during the 4th quarter. Two Sigma Investments LP now owns 606,116 shares of the insurance provider’s stock valued at $12,492,000 after buying an additional 500,586 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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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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