Radian Group (RDN) Stock Rating Lowered by TheStreet

TheStreet downgraded shares of Radian Group (NYSE:RDN) from a b- rating to a c+ rating in a research note published on Tuesday.

RDN has been the topic of several other research reports. BTIG Research reiterated a buy rating and issued a $26.00 price target (up previously from $22.00) on shares of Radian Group in a report on Wednesday, December 20th. Deutsche Bank cut their price target on shares of Radian Group from $30.00 to $26.00 and set a buy rating on the stock in a report on Tuesday. Zacks Investment Research upgraded shares of Radian Group from a hold rating to a strong-buy rating and set a $24.00 price target on the stock in a report on Thursday, January 4th. Barclays increased their price target on shares of Radian Group from $29.00 to $31.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Finally, Wells Fargo reiterated a hold rating on shares of Radian Group in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $24.28.

Shares of Radian Group stock opened at $16.13 on Tuesday. The company has a market capitalization of $3,519.16, a P/E ratio of 8.86, a P/E/G ratio of 1.05 and a beta of 1.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. Radian Group has a 52 week low of $15.52 and a 52 week high of $23.49.



Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the company earned $0.41 EPS. Radian Group’s quarterly revenue was up 15.8% on a year-over-year basis. analysts expect that Radian Group will post 2.38 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of Radian Group during the 3rd quarter worth approximately $110,000. Cerebellum GP LLC acquired a new stake in shares of Radian Group during the 4th quarter worth approximately $120,000. Meeder Asset Management Inc. grew its stake in shares of 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 during the period. Virtu Financial LLC acquired a new stake in shares of Radian Group during the 4th quarter worth approximately $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Radian Group by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 4,021 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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Radian Group Company Profile

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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