Radian Group (NYSE:RDN) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday.

A number of other research firms have also commented on RDN. B. Riley increased their price objective on Radian Group from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Bank of America increased their price objective on Radian Group from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Compass Point set a $26.00 target price on Radian Group and gave the stock a “buy” rating in a research report on Thursday, November 1st. TheStreet upgraded Radian Group from a “c+” rating to a “b-” rating in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $21.00 target price on shares of Radian Group in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.36.

RDN opened at $18.27 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $4.12 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.45 and a beta of 1.45. Radian Group has a 52 week low of $14.06 and a 52 week high of $23.49.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $330.70 million for the quarter, compared to analyst estimates of $334.59 million. Radian Group had a return on equity of 17.34% and a net margin of 37.56%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Equities analysts predict that Radian Group will post 2.66 earnings per share for the current fiscal year.

Radian Group declared that its board has authorized a stock buyback program on Thursday, August 16th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDN. Principal Financial Group Inc. lifted its position in Radian Group by 39.6% during the first quarter. Principal Financial Group Inc. now owns 31,986 shares of the insurance provider’s stock worth $609,000 after buying an additional 9,070 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of Radian Group in the 2nd quarter worth about $874,000. New York State Teachers Retirement System purchased a new position in shares of Radian Group in the 2nd quarter worth about $311,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Radian Group in the 2nd quarter worth about $1,951,000. Finally, Heartland Advisors Inc. raised its holdings in shares of Radian Group by 1.3% in the 2nd quarter. Heartland Advisors Inc. now owns 925,550 shares of the insurance provider’s stock worth $15,012,000 after purchasing an additional 11,750 shares during the period. Hedge funds and other institutional investors own 92.94% of the company’s stock.

About Radian Group

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

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Analyst Recommendations for Radian Group (NYSE:RDN)

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