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

Several research firms have recently weighed in on RDN. BTIG Research reissued a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research report on Wednesday, July 6th. MKM Partners raised their target price on Radian Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, April 28th. Zacks Investment Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th. FBR & Co reaffirmed a “hold” rating on shares of Radian Group in a research report on Thursday, April 28th. Finally, Deutsche Bank AG started coverage on Radian Group in a research note on Monday, April 4th. They set a “buy” rating and a $16.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.85.

The company has a 50 day moving average price of $11.05 and a 200 day moving average price of $11.51. The stock has a market capitalization of $2.63 billion and a PE ratio of 10.922.

Radian Group (NYSE:RDN) last issued its quarterly earnings data 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 in the prior year, the company earned $0.35 earnings per share. The firm earned $313 million during the quarter, compared to analyst estimates of $226.23 million. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Radian Group Inc. will post $1.54 EPS for the current year.

Other hedge funds recently added to or reduced their stakes in the company. 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. Airain ltd increased its stake in Radian Group by 179.7% in the fourth quarter. Airain ltd now owns 107,845 shares of the company’s stock worth $1,444,000 after buying an additional 69,286 shares during the last quarter. 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. Teacher Retirement System of Texas increased its stake in 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 last quarter. Finally, Nationwide Fund Advisors increased its stake in 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 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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