Radian Group (NYSE:RDN) was downgraded by equities researchers at B. Riley from a “buy” rating to a “neutral” rating in a report released on Thursday. They currently have a $22.00 target price on the insurance provider’s stock. B. Riley’s target price would suggest a potential upside of 4.86% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Radian Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 7th. FBR & Co reiterated a “buy” rating on shares of Radian Group in a report on Thursday, October 26th. Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the company a “buy” rating in a report on Monday, October 16th. BTIG Research reiterated a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a report on Sunday, October 15th. Finally, Compass Point reiterated a “neutral” rating and issued a $21.25 price objective on shares of Radian Group in a report on Saturday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Radian Group has a consensus rating of “Buy” and a consensus price target of $23.43.

Shares of Radian Group (NYSE:RDN) opened at $20.98 on Thursday. The firm has a market capitalization of $4,472.98, a price-to-earnings ratio of 26.90, a PEG ratio of 2.05 and a beta of 1.57. Radian Group has a 52-week low of $15.58 and a 52-week high of $22.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $312.05 million during the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. research analysts forecast that Radian Group will post 1.75 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDN. Wealthcare Advisory Partners LLC bought a new stake in shares of Radian Group in the third quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 803 shares in the last quarter. Skba Capital Management LLC bought a new stake in shares of Radian Group in the second quarter worth about $170,000. Zacks Investment Management bought a new stake in shares of Radian Group in the second quarter worth about $175,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Radian Group in the second quarter worth about $183,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

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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.

Analyst Recommendations for Radian Group (NYSE:RDN)

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