Compass Point Reaffirms Neutral Rating for Radian Group Inc. (RDN)

Radian Group Inc. (NYSE:RDN)‘s stock had its “neutral” rating restated by equities researchers at Compass Point in a research note issued to investors on Saturday. They currently have a $21.25 price objective on the insurance provider’s stock. Compass Point’s price target indicates a potential upside of 9.65% from the stock’s previous close.

Several other research analysts have also weighed in on RDN. BidaskClub lowered shares of Radian Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of Radian Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine lowered shares of Radian Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, Barclays PLC reissued an “overweight” rating and set a $24.00 price objective (down previously from $25.00) on shares of Radian Group in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.41.

Shares of Radian Group (NYSE:RDN) opened at 19.38 on Friday. Radian Group has a 1-year low of $12.96 and a 1-year high of $19.87. The company’s 50-day moving average is $17.81 and its 200 day moving average is $17.36. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 22.25 and a beta of 1.51.

Radian Group (NYSE:RDN) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. The company had revenue of $302.91 million for the quarter, compared to analyst estimates of $299.07 million. Radian Group had a net margin of 16.26% and a return on equity of 12.81%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, analysts expect that Radian Group will post $1.72 EPS for the current fiscal year.

Radian Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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In other Radian Group news, CEO Richard G. Thornberry acquired 5,000 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $16.54 per share, for a total transaction of $82,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $330,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Catherine Mary Jackson sold 17,130 shares of Radian Group stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $17.22, for a total transaction of $294,978.60. Following the completion of the sale, the senior vice president now owns 80,720 shares in the company, valued at $1,389,998.40. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Radian Group by 5.0% in the second quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider’s stock valued at $296,201,000 after purchasing an additional 859,950 shares during the last quarter. BlackRock Inc. increased its holdings in Radian Group by 24,173.9% during the first quarter. BlackRock Inc. now owns 14,125,455 shares of the insurance provider’s stock worth $253,692,000 after buying an additional 14,067,263 shares during the last quarter. LSV Asset Management increased its holdings in Radian Group by 0.6% during the second quarter. LSV Asset Management now owns 10,409,782 shares of the insurance provider’s stock worth $170,199,000 after buying an additional 58,304 shares during the last quarter. State Street Corp increased its holdings in Radian Group by 7.3% during the first quarter. State Street Corp now owns 7,682,263 shares of the insurance provider’s stock worth $137,976,000 after buying an additional 524,837 shares during the last quarter. Fi

Several other research analysts have also weighed in on RDN. BidaskClub lowered shares of Radian Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of Radian Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine lowered shares of Radian Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, Barclays PLC reissued an “overweight” rating and set a $24.00 price objective (down previously from $25.00) on shares of Radian Group in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.41.

Shares of Radian Group (NYSE:RDN) opened at 19.38 on Friday. Radian Group has a 1-year low of $12.96 and a 1-year high of $19.87. The company’s 50-day moving average is $17.81 and its 200 day moving average is $17.36. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 22.25 and a beta of 1.51.

Radian Group (NYSE:RDN) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. The company had revenue of $302.91 million for the quarter, compared to analyst estimates of $299.07 million. Radian Group had a net margin of 16.26% and a return on equity of 12.81%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, analysts expect that Radian Group will post $1.72 EPS for the current fiscal year.

Radian Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/14/compass-point-reaffirms-neutral-rating-for-radian-group-inc-rdn.html.

In other Radian Group news, CEO Richard G. Thornberry acquired 5,000 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $16.54 per share, for a total transaction of $82,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $330,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Catherine Mary Jackson sold 17,130 shares of Radian Group stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $17.22, for a total transaction of $294,978.60. Following the completion of the sale, the senior vice president now owns 80,720 shares in the company, valued at $1,389,998.40. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Radian Group by 5.0% in the second quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider’s stock valued at $296,201,000 after purchasing an additional 859,950 shares during the last quarter. BlackRock Inc. increased its holdings in Radian Group by 24,173.9% during the first quarter. BlackRock Inc. now owns 14,125,455 shares of the insurance provider’s stock worth $253,692,000 after buying an additional 14,067,263 shares during the last quarter. LSV Asset Management increased its holdings in Radian Group by 0.6% during the second quarter. LSV Asset Management now owns 10,409,782 shares of the insurance provider’s stock worth $170,199,000 after buying an additional 58,304 shares during the last quarter. State Street Corp increased its holdings in Radian Group by 7.3% during the first quarter. State Street Corp now owns 7,682,263 shares of the insurance provider’s stock worth $137,976,000 after buying an additional 524,837 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Radian Group by 24.6% during the second quarter. Northern Trust Corp now owns 5,305,329 shares of the insurance provider’s stock worth $86,742,000 after buying an additional 1,048,954 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

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.

Analyst Recommendations for Radian Group (NYSE:RDN)

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