Radian Group Inc. (RDN) Sees Strong Trading Volume
Radian Group Inc. (NYSE:RDN) shares saw an uptick in trading volume on Tuesday . 2,981,394 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 3,698,082 shares.The stock last traded at $12.29 and had previously closed at $11.98.
Several research firms recently weighed in on RDN. Zacks Investment Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 14th. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research note on Wednesday, July 6th. FBR & Co raised 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. Credit Suisse Group AG reduced their price objective on Radian Group from $17.50 to $14.50 and set a “neutral” rating on the stock in a research note on Monday, May 2nd. Finally, MKM Partners raised their price objective on Radian Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Radian Group currently has a consensus rating of “Buy” and an average price target of $16.85.
The firm has a 50 day moving average price of $11.05 and a 200 day moving average price of $11.53. The firm has a market capitalization of $2.60 billion and a price-to-earnings ratio of 10.80.
Radian Group (NYSE:RDN) last posted its quarterly earnings data 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 firm earned $313 million during the quarter, compared to analysts’ expectations of $226.23 million. Radian Group’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts anticipate that Radian Group Inc. will post $1.54 EPS for the current year.
Other institutional investors have recently bought and sold shares of the company. I.G. Investment Management LTD. boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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. boosted its position 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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