Radian Group (NYSE:RDN) Coverage Initiated by Analysts at BTIG Research

Equities researchers at BTIG Research began coverage on shares of Radian Group (NYSE:RDN) in a report released on Tuesday. The firm set a “buy” rating and a $48.00 price target on the insurance provider’s stock. BTIG Research’s target price would suggest a potential upside of 37.80% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings lowered Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, September 11th. Wall Street Zen raised shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods reduced their price target on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Finally, Barclays lowered their price target on Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Radian Group has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Radian Group Price Performance

Shares of RDN traded up $0.51 during midday trading on Tuesday, reaching $34.83. The stock had a trading volume of 40,274 shares, compared to its average volume of 1,280,265. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. Radian Group has a 12-month low of $31.50 and a 12-month high of $41.05. The company’s 50-day moving average is $37.14 and its 200 day moving average is $35.87.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). The firm had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The firm’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 EPS. On average, equities analysts predict that Radian Group will post 4.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Radian Group news, EVP Meghan Bartholomew sold 7,812 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $35.94, for a total transaction of $280,763.28. Following the transaction, the executive vice president owned 39,203 shares in the company, valued at approximately $1,408,955.82. This represents a 16.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.03% of the company’s stock.

Institutional Trading of Radian Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in Radian Group by 11.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock valued at $284,000 after acquiring an additional 747 shares during the period. Tidal Investments LLC boosted its holdings in Radian Group by 374.1% in the second quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock worth $1,262,000 after acquiring an additional 26,432 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Radian Group in the second quarter worth $44,000. NewEdge Advisors LLC increased its holdings in shares of Radian Group by 4.4% during the second quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock valued at $694,000 after acquiring an additional 776 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Radian Group by 109.3% during the second quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 351 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Company Profile

Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.

Radian’s mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.