Radian Group (NYSE:RDN) Stock Rating Lowered by Zacks Research

Radian Group (NYSE:RDN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. UBS Group decreased their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods boosted their price target on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Monday, December 29th. Barclays boosted their target price on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, Roth Capital restated a “buy” rating and issued a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.00.

Radian Group Stock Down 0.8%

Shares of NYSE RDN opened at $35.68 on Tuesday. The stock has a market capitalization of $4.83 billion, a P/E ratio of 8.90 and a beta of 0.82. The stock’s fifty day moving average is $35.45 and its 200 day moving average is $34.98. Radian Group has a 52 week low of $29.32 and a 52 week high of $38.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The firm had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. During the same period in the prior year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Sell-side analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Radian Group

Hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its position in shares of Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after buying an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Radian Group by 16.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after buying an additional 310 shares during the period. Bessemer Group Inc. increased its position in Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 344 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.