Radian Group (NYSE:RDN) Stock Rating Upgraded by Zacks Research

Radian Group (NYSE:RDN) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings cut Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. BTIG Research assumed coverage on Radian Group in a research report on Tuesday, September 22nd. They set a “buy” rating and a $48.00 target price on the stock. Barclays boosted their target price on Radian Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. Finally, Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Radian Group presently has an average rating of “Moderate Buy” and an average target price of $43.14.

Radian Group Stock Down 1.1%

Shares of NYSE:RDN opened at $33.37 on Tuesday. 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 $30.53 and a 12 month high of $41.05. The company has a 50-day moving average price of $35.26 and a 200 day moving average price of $35.89. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.82 and a beta of 0.71.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. During the same quarter in the prior year, the business posted $1.01 EPS. The company’s revenue was up 92.3% on a year-over-year basis. As a group, equities research analysts predict that Radian Group will post 4.88 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Radian Group

A number of large investors have recently made changes to their positions in RDN. NorthCrest Asset Manangement LLC grew its holdings in shares of Radian Group by 10.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 14,065 shares of the insurance provider’s stock worth $431,000 after purchasing an additional 1,344 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Radian Group by 4.1% during the 3rd quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock valued at $355,000 after buying an additional 462 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings 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 buying an additional 747 shares in the last quarter. Tidal Investments LLC lifted its holdings in Radian Group by 374.1% during the 2nd quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock valued at $1,262,000 after buying an additional 26,432 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Radian Group during the 2nd quarter valued at about $44,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

About Radian Group

Radian Group Inc (NYSE: RDN) is a financial services company focused on supporting homeownership and the U.S. residential real estate market. Its principal business is mortgage insurance, which helps protect lenders and investors against losses when borrowers default on certain residential mortgage loans. Through its mortgage insurance operations, Radian serves mortgage lenders, banks, credit unions and other housing-finance participants.

The company also provides services and technology intended to support the mortgage and homeownership lifecycle.