Radian Group (NYSE:RDN – Get Valuation) was upgraded from a “hold” rating to a “buy” rating by investment analysts at StockNews.com in a note to investors on Thursday.
Separately, BTIG Research lowered its price target on the Radian Group to $26.00 from $28.00 in a report Tuesday, April 12. One investment analyst has rated the stock with a sell rating, one with a hold rating and three with a buy rating. Based on data from MarketBeat, Radian Group currently has a consensus rating of Hold and a consensus price target of $27.70.
NYSE:RDN opened at $18.42 on Thursday. The company has a market cap of $3.18 billion, a P/E of 5.19, a price-to-earnings-to-growth ratio of 1.02 and a beta of 1.22. The Radian Group has a 52-week low of $17.97 and a 52-week high of $24.84. The company has a debt to equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day moving average price of $21.03 and a 200-day moving average price of $21.91.
The Radian Group (NYSE:RDN – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The insurance provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimate of $0.91 by $0.26. Radian Group had a return on equity of 17.18% and a net margin of 50.71%. The company had revenue of $292.98 million for the quarter, compared to analyst estimates of $318.22 million. In the same quarter last year, the company reported earnings per share of $0.68. The company’s revenue fell 10.9% year over year. Research analysts are forecasting that the Radian Group will post 3.6 EPS for the year to date.
In related news, EVP Edward J. Hoffman sold 10,000 shares of the company’s shares in a transaction on Friday, May 13. The shares sold at an average price of $20.87 for a total value of $208,700.00. Following the closing of the sale, the Executive Vice President now directly owns 126,416 shares of the Company, valued at $2,638,301.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. In addition, Chairman Howard Bernard Culang sold 5,982 shares of the stock in a transaction on Tuesday, May 17th. The shares sold at an average price of $21.60 for a total transaction of $129,211.20. Following the sale, the Chairman now directly owns 8,050 shares of the company, valued at $173,880. The disclosure for this sale can be found here. Insiders have sold 31,962 shares of the company’s stock valued at $680,379 over the past 90 days. 1.42% of the shares are currently owned by company insiders.
Several hedge funds and other institutional investors have recently changed their holdings of RDN. Meritage Portfolio Management added 5.4% to its position in Radian Group during the fourth quarter. Meritage Portfolio Management now owns 10,460 shares of the insurance provider, valued at $221,000, after buying another 535 shares last quarter. Comerica Bank increased its position in Radian Group shares by 4.1% in the first quarter. Comerica Bank now owns 20,870 shares of the insurance provider, valued at $470,000, after buying another 820 shares last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Radian Group shares by 1.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,012 shares of the insurance provider, valued at $1,374,000, after buying another 1,046 shares last quarter. Shell Asset Management Co. increased its position in the Radian Group by 3.4% in the fourth quarter. Shell Asset Management Co. now owns 36,664 shares of the insurance provider, valued at $775,000, after purchasing an additional 1,210 shares last quarter. Finally, during the fourth quarter, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in the Radian Group for approximately $31,000. 95.48% of the shares are currently owned by institutional investors and hedge funds.
Radian Group Corporate Profile (get rating)
Radian Group Inc, together with its subsidiaries, is engaged in the mortgage and real estate services businesses in the United States. The Mortgage segment provides credit-related insurance protection primarily through personal mortgage insurance for senior residential mortgage loans and other credit risk management, underwriting and performance solutions.
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