Radian Group Inc. (NYSE:RDN) shares traded down 1.6% during trading on Wednesday . The company traded as low as $11.93 and last traded at $11.93, with a volume of 1,064,099 shares trading hands. The stock had previously closed at $12.12.

A number of research analysts have commented on the stock. FBR & Co upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Thursday, June 30th. Susquehanna reduced their price objective on shares of Radian Group from $23.00 to $21.00 and set a “positive” rating on the stock 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. Zacks Investment Research downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. 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 eight have given a buy rating to the company’s stock. Radian Group currently has an average rating of “Buy” and a consensus target price of $16.85.

The company has a market cap of $2.57 billion and a PE ratio of 10.70. The company’s 50-day moving average is $11.04 and its 200-day moving average is $11.54.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. During the same period last year, the company earned $0.35 earnings per share. The company earned $313 million during the quarter, compared to the consensus estimate of $226.23 million. The business’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Radian Group Inc. will post $1.54 earnings per share for the current year.

Other hedge funds recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake in shares of Radian Group by 46.9% in the fourth quarter. Nationwide Fund Advisors now owns 180,931 shares of the company’s stock worth $2,423,000 after buying an additional 57,764 shares during the period. California State Teachers Retirement System boosted its stake in shares of Radian Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 354,704 shares of the company’s stock worth $4,749,000 after buying an additional 5,600 shares during the period. Swiss National Bank boosted its stake in shares of Radian Group by 7.2% in the fourth quarter. Swiss National Bank now owns 273,950 shares of the company’s stock worth $3,668,000 after buying an additional 18,300 shares during the period. Rhumbline Advisers boosted its stake in shares of Radian Group by 2.2% in the fourth quarter. Rhumbline Advisers now owns 289,802 shares of the company’s stock worth $3,880,000 after buying an additional 6,300 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Radian Group by 447.1% in the fourth quarter. Teacher Retirement System of Texas now owns 128,403 shares of the company’s stock worth $1,719,000 after buying an additional 104,934 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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