Wall Street Zen Upgrades Radian Group (NYSE:RDN) to Buy

by · The Cerbat Gem

Radian Group (NYSE:RDN – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

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

Get Our Latest Stock Analysis on RDN

Radian Group Trading Down 0.1%

Shares of RDN stock opened at $36.89 on Friday. Radian Group has a fifty-two week low of $31.50 and a fifty-two week high of $38.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day simple moving average of $34.56 and a two-hundred day simple moving average of $34.57. The company has a market cap of $4.91 billion, a P/E ratio of 9.09, a PEG ratio of 0.92 and a beta of 0.76.

Radian Group (NYSE:RDN – Get Free Report) 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 firm had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. Research analysts forecast that Radian Group will post 5.23 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Radian Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Radian Group in the 4th quarter valued at about $29,000. Bessemer Group Inc. lifted its position in shares of Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after buying an additional 318 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 worth $29,000 after buying an additional 572 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

(Get Free Report)

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.

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