Royal Bank of Canada assumed coverage on shares of Radian Group (NYSE:RDN) in a report published on Wednesday, December 20th, Marketbeat Ratings reports. The firm issued an outperform rating and a $26.00 target price on the insurance provider’s stock.
Several other brokerages have also recently commented on RDN. ValuEngine cut shares of Radian Group from a strong-buy rating to a buy rating in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Radian Group from a buy rating to a hold rating in a research report on Monday, October 23rd. Compass Point raised shares of Radian Group from a neutral rating to a buy rating and raised their target price for the stock from $21.75 to $24.75 in a report on Friday, October 27th. B. Riley reissued a buy rating on shares of Radian Group in a report on Monday, November 6th. Finally, Wells Fargo & Co initiated coverage on shares of Radian Group in a report on Tuesday, November 28th. They issued a market perform rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Radian Group has a consensus rating of Buy and an average price target of $23.89.
Shares of Radian Group (RDN) traded down $0.28 during trading on Wednesday, hitting $22.13. The stock had a trading volume of 1,414,300 shares, compared to its average volume of 1,470,000. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4,770.00, a P/E ratio of 28.01, a PEG ratio of 1.93 and a beta of 1.57. Radian Group has a 12 month low of $15.58 and a 12 month high of $22.82.
Radian Group (NYSE:RDN) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The company had revenue of $312.05 million during the quarter, compared to the consensus estimate of $321.10 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. sell-side analysts expect that Radian Group will post 1.75 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RDN. Wealthcare Advisory Partners LLC acquired a new position in shares of Radian Group during the third quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Radian Group by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after acquiring an additional 803 shares during the period. Skba Capital Management LLC acquired a new position in shares of Radian Group during the second quarter valued at approximately $170,000. Zacks Investment Management acquired a new position in shares of Radian Group during the second quarter valued at approximately $175,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of Radian Group during the second quarter valued at approximately $183,000. 91.43% of the stock is currently owned by institutional investors.
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Radian Group Company Profile
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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