Radian Group Inc. (NYSE:RDN) shares shot up 3.1% during mid-day trading on Thursday . The stock traded as high as $12.18 and last traded at $12.09, with a volume of 2,955,389 shares. The stock had previously closed at $11.73.

Several research firms have issued reports on RDN. FBR & Co reiterated a “hold” rating on shares of Radian Group in a research note on Thursday, April 28th. Zacks Investment Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Susquehanna dropped their price objective on Radian Group from $23.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, March 22nd. BTIG Research reiterated a “buy” rating and set a $22.00 price objective on shares of Radian Group in a research note on Wednesday, April 27th. Finally, Compass Point reiterated a “buy” rating and set a $16.50 price objective (up from $14.00) on shares of Radian Group in a research note on Thursday, April 28th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Radian Group presently has an average rating of “Buy” and a consensus target price of $16.85.

The stock has a market capitalization of $2.60 billion and a PE ratio of 10.80. The company has a 50 day moving average price of $11.04 and a 200 day moving average price of $11.58.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The firm earned $313 million during the quarter, compared to the consensus estimate of $226.23 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Radian Group Inc. will post $1.55 EPS for the current year.

Several hedge funds recently added to or reduced their stakes in RDN. I.G. Investment Management LTD. increased its stake in Radian Group by 5.4% in the fourth quarter. I.G. Investment Management LTD. now owns 116,382 shares of the company’s stock worth $1,558,000 after buying an additional 6,002 shares during the last quarter. US Bancorp DE increased its stake in Radian Group by 13.0% in the fourth quarter. US Bancorp DE now owns 99,917 shares of the company’s stock worth $1,338,000 after buying an additional 11,511 shares during the last quarter. Marshall Wace LLP increased its stake in Radian Group by 34.2% in the fourth quarter. Marshall Wace LLP now owns 449,070 shares of the company’s stock worth $6,013,000 after buying an additional 114,487 shares during the last quarter. Schroder Investment Management Group increased its stake in Radian Group by 0.3% in the fourth quarter. Schroder Investment Management Group now owns 2,656,100 shares of the company’s stock worth $35,565,000 after buying an additional 6,900 shares during the last quarter. Finally, Bruni J V & Co. Co. increased its stake in Radian Group by 0.5% in the fourth quarter. Bruni J V & Co. Co. now owns 1,890,750 shares of the company’s stock worth $25,317,000 after buying an additional 9,790 shares during the last quarter.

Radian Group Inc is a 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.

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