Radian Group Inc. (NYSE:RDN)’s share price rose 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 trading hands. The stock had previously closed at $11.73.

RDN has been the subject of several analyst reports. BTIG Research reiterated a “buy” rating and issued a $22.00 target price on shares of Radian Group in a research note on Wednesday, July 6th. MKM Partners reiterated a “buy” rating on shares of Radian Group in a research note on Thursday, March 24th. FBR & Co reiterated a “market perform” rating and issued a $14.00 target price on shares of Radian Group in a research note on Wednesday, June 15th. Deutsche Bank AG initiated coverage on shares of Radian Group in a research note on Monday, April 4th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Credit Suisse Group AG decreased their target price on shares of Radian Group from $17.50 to $14.50 and set a “neutral” rating for the company in a research note on Monday, May 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Radian Group currently has a consensus rating of “Buy” and a consensus target price of $16.85.

The firm has a market capitalization of $2.58 billion and a price-to-earnings ratio of 10.71. The stock has a 50 day moving average price of $11.03 and a 200-day moving average price of $11.57.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, April 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $313 million for the quarter, compared to analysts’ expectations of $226.23 million. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities research analysts forecast that Radian Group Inc. will post $1.55 EPS for the current fiscal year.

Several institutional investors have made changes to their positions in the company. I.G. Investment Management LTD. raised its position in shares of 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 period. US Bancorp DE raised its position in shares of 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 period. Marshall Wace LLP raised its position in shares of 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 period. Schroder Investment Management Group raised its position in shares of 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 period. Finally, Bruni J V & Co. Co. raised its position in shares of 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 period.

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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