Press coverage about Radian Group (NYSE:RDN) has been trending positive recently, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Radian Group earned a media sentiment score of 0.44 on AlphaOne’s scale. AlphaOne also gave media headlines about the insurance provider an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted AlphaOne Sentiment’s rankings:
- Radian Group (RDN) Earning Somewhat Positive Press Coverage, Report Finds (americanbankingnews.com)
- Radian Group Inc to Post Q1 2017 Earnings of $0.44 Per Share, FBR & Co Forecasts (RDN) (americanbankingnews.com)
- Radian Group Inc. breached its 50 day moving average in a Bearish Manner : RDN-US : April 24, 2017 (finance.yahoo.com)
- Radian Group (RDN) Earns News Impact Score of 0.41 (americanbankingnews.com)
- Radian Group Inc (RDN) Expected to Post Earnings of $0.43 Per Share (americanbankingnews.com)
Several analysts have weighed in on RDN shares. BTIG Research reissued a “buy” rating and set a $22.00 price objective on shares of Radian Group in a report on Sunday, January 29th. Zacks Investment Research raised Radian Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, January 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $22.00 price objective on shares of Radian Group in a report on Tuesday, March 21st. FBR & Co boosted their price objective on Radian Group from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, February 13th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Radian Group in a research note on Monday, January 9th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.72.
Radian Group (NYSE:RDN) opened at 19.34 on Thursday. The company has a 50 day moving average price of $18.37 and a 200 day moving average price of $17.08. Radian Group has a 12 month low of $9.29 and a 12 month high of $19.87. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 14.12 and a beta of 2.25.
In other Radian Group news, insider Bazemore Teresa Bryce sold 151,030 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $19.61, for a total value of $2,961,698.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanford A. Ibrahim sold 87,900 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $19.68, for a total value of $1,729,872.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 281,100 shares of company stock valued at $5,523,934. Company insiders own 1.83% of the company’s stock.
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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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