Radian Group Inc. (RDN) Trading Down 1.6%
Radian Group Inc. (NYSE:RDN) fell 1.6% during mid-day trading on Wednesday . The stock traded as low as $11.93 and last traded at $11.93, with a volume of 1,064,099 shares. The stock had previously closed at $12.12.
Several research firms recently issued reports on RDN. Zacks Investment Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of Radian Group in a research report on Wednesday, July 6th. FBR & Co raised shares of Radian Group from a “market perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Thursday, June 30th. Credit Suisse Group AG decreased their target price on shares of Radian Group from $17.50 to $14.50 and set a “neutral” rating on the stock in a research report on Monday, May 2nd. Finally, MKM Partners raised their target price on shares of Radian Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report 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. The stock has an average rating of “Buy” and an average target price of $16.85.
The stock has a 50 day moving average price of $11.03 and a 200 day moving average price of $11.54. The company has a market capitalization of $2.57 billion and a price-to-earnings ratio of 10.68.
Radian Group (NYSE:RDN) last released its earnings results on Wednesday, April 27th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company had revenue of $313 million for 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 research analysts expect 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. 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. 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 period. 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 period. 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 period. Finally, 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 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.