Radian Group (NYSE:RDN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Radian Group (NYSE:RDN) from a hold rating to a buy rating in a research note published on Saturday.

Several other equities research analysts have also recently issued reports on RDN. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $43.00 in a research note on Wednesday, April 29th. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. UBS Group cut their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Keefe, Bruyette & Woods increased their price objective on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Finally, Barclays increased their price objective on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Radian Group Stock Performance

RDN opened at $36.89 on Friday. Radian Group has a 12-month low of $31.50 and a 12-month high of $38.84. The company has a current ratio of 0.58, a quick ratio of 3.40 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.91 billion, a PE ratio of 9.09, a P/E/G ratio of 0.92 and a beta of 0.76. The firm has a 50 day moving average of $34.56 and a two-hundred day moving average of $34.57.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $466.34 million during the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. Radian Group’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. On average, analysts anticipate that Radian Group will post 5.23 EPS for the current year.

Insider Transactions at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $38.00, for a total value of $570,000.00. Following the sale, the executive vice president directly owned 93,708 shares of the company’s stock, valued at approximately $3,560,904. This trade represents a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 60,000 shares of company stock valued at $2,190,000. 2.03% of the stock is currently owned by company insiders.

Institutional Trading of Radian Group

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised 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 during the period. Geneos Wealth Management Inc. raised its holdings in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after buying an additional 901 shares during the period. Walleye Capital LLC purchased a new stake in shares of Radian Group during the 2nd quarter valued at about $239,000. Finally, Marshall Wace LLP purchased a new stake in shares of Radian Group during the 2nd quarter valued at about $452,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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.