Radian Group (RDN) Rating Reiterated by Wells Fargo & Co
Radian Group (NYSE:RDN)‘s stock had its “hold” rating reiterated by equities researchers at Wells Fargo & Co in a research report issued to clients and investors on Thursday.
RDN has been the topic of a number of other reports. BTIG Research restated a “buy” rating and set a $26.00 price objective (up from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, January 4th. Deutsche Bank upped their price objective on Radian Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley downgraded Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research report on Thursday, January 4th. Finally, Compass Point restated a “neutral” rating and set a $21.25 price objective on shares of Radian Group in a research report on Saturday, October 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.89.
Shares of Radian Group (NYSE RDN) opened at $22.26 on Thursday. Radian Group has a 52-week low of $15.58 and a 52-week high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $4,770.46, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The business had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. equities research analysts predict that Radian Group will post 1.75 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Radian Group by 12.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,490,592 shares of the insurance provider’s stock worth $30,722,000 after buying an additional 167,086 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Radian Group in the third quarter worth approximately $110,000. Sterling Capital Management LLC raised its holdings in shares of Radian Group by 5.1% in the third quarter. Sterling Capital Management LLC now owns 279,263 shares of the insurance provider’s stock worth $5,219,000 after buying an additional 13,610 shares during the period. Colony Group LLC raised its holdings in shares of Radian Group by 2.8% in the third quarter. Colony Group LLC now owns 137,643 shares of the insurance provider’s stock worth $2,573,000 after buying an additional 3,725 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Radian Group by 4.8% in the third quarter. California Public Employees Retirement System now owns 420,739 shares of the insurance provider’s stock worth $7,864,000 after buying an additional 19,239 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.
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About Radian Group
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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