Radian Group Inc. (NYSE:RDN) shot up 2.4% during trading on Monday . The stock traded as high as $12.37 and last traded at $12.26, with a volume of 2,882,275 shares traded. The stock had previously closed at $11.97.

Several brokerages recently commented on RDN. Credit Suisse Group AG cut their price target on shares of Radian Group from $17.50 to $14.50 and set a “neutral” rating on the stock in a research note on Monday, May 2nd. Compass Point restated a “buy” rating and issued a $16.50 price objective (up from $14.00) on shares of Radian Group in a research note on Thursday, April 28th. BTIG Research restated a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research note on Wednesday, April 27th. Zacks Investment Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, MKM Partners lifted their price objective on shares of Radian Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Radian Group has a consensus rating of “Buy” and an average price target of $16.85.

The company has a 50 day moving average price of $11.03 and a 200-day moving average price of $11.53. The company has a market cap of $2.62 billion and a PE ratio of 10.88.

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

A number of institutional investors have modified their holdings of the stock. 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 valued at $1,338,000 after buying an additional 11,511 shares during the last quarter. Airain ltd raised its position in shares of Radian Group by 179.7% in the fourth quarter. Airain ltd now owns 107,845 shares of the company’s stock valued at $1,444,000 after buying an additional 69,286 shares during the last quarter. 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 valued at $1,558,000 after buying an additional 6,002 shares during the last quarter. Teacher Retirement System of Texas raised its position 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 valued at $1,719,000 after buying an additional 104,934 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position 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 valued at $2,423,000 after buying an additional 57,764 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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