Radian Group (RDN) Earning Favorable Press Coverage, Analysis Shows
News articles about Radian Group (NYSE:RDN) have been trending positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Radian Group earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.454968139709 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Radian Group (RDN) Q2 Earnings Top Estimates, Revenues Rise – Nasdaq (nasdaq.com)
- Volume Moving the Tape For Radian Group Inc (RDN) – Evergreen Caller (evergreencaller.com)
- Radian Group Inc Q2 Profit Climbs 20% – Markets Insider (markets.businessinsider.com)
- Radian Group Inc. (RDN) and The Procter & Gamble Company (PG) in Uptrend Stocks – Investing News Update (investingbizz.com)
- Radian’s (RDN) CEO Richard Thornberry on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
A number of brokerages have weighed in on RDN. Barclays PLC reiterated an “overweight” rating and set a $24.00 price target (down from $25.00) on shares of Radian Group in a report on Wednesday. BidaskClub upgraded Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of Radian Group in a report on Tuesday, May 30th. Deutsche Bank AG decreased their price target on Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 28th. Finally, ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.75.
Shares of Radian Group (NYSE RDN) traded up 0.86% during mid-day trading on Friday, hitting $17.57. The stock had a trading volume of 991,091 shares. Radian Group has a 1-year low of $12.56 and a 1-year high of $19.87. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.13 and a beta of 1.61. The stock’s 50-day moving average is $17.04 and its 200 day moving average is $17.71.
Radian Group (NYSE:RDN) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.08. Radian Group had a net margin of 16.26% and a return on equity of 12.84%. The company had revenue of $302.91 million during the quarter, compared to the consensus estimate of $299.07 million. During the same period in the prior year, the firm earned $0.38 earnings per share. Radian Group’s revenue was up 4.9% on a year-over-year basis. Equities research analysts predict that Radian Group will post $1.70 EPS for the current fiscal year.
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Radian Group Company Profile
Radian Group Inc is an insurance 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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