Radian Group Inc. (NYSE:RDN)‘s stock had its “buy” rating reissued by stock analysts at B. Riley in a note issued to investors on Monday, November 6th. B. Riley also issued estimates for Radian Group’s FY2017 earnings at $1.75 EPS, FY2018 earnings at $1.85 EPS and FY2019 earnings at $2.00 EPS.
Several other brokerages also recently issued reports on RDN. Deutsche Bank AG downgraded shares of Radian Group from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research note on Friday, November 3rd. BTIG Research reiterated a “buy” rating and set a $22.00 price target on shares of Radian Group in a research note on Sunday, October 29th. Compass Point upgraded shares of Radian Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.75 to $24.75 in a research note on Friday, October 27th. FBR & Co reiterated a “buy” rating on shares of Radian Group in a research note on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Radian Group has a consensus rating of “Buy” and a consensus price target of $22.59.
Radian Group (NYSE RDN) traded up $0.09 during trading hours on Monday, hitting $20.87. 991,527 shares of the stock were exchanged, compared to its average volume of 1,799,449. Radian Group has a 12 month low of $14.39 and a 12 month high of $21.59. The company has a market capitalization of $4,498.84, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 2.37 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. Radian Group’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. research analysts expect that Radian Group will post 1.76 EPS for the current fiscal year.
Radian Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 9th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
In related news, CEO Richard G. Thornberry bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $16.54 per share, for a total transaction of $82,700.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $330,800. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.06% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC acquired a new position in shares of Radian Group during the 3rd quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Radian Group by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 803 shares during the period. Skba Capital Management LLC acquired a new position in shares of Radian Group in the 2nd quarter valued at approximately $170,000. Zacks Investment Management acquired a new position in shares of Radian Group in the 2nd quarter valued at approximately $175,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of Radian Group in the 2nd quarter valued at approximately $183,000. Institutional investors own 91.34% 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.
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