Radian Group (RDN) Raised to Buy at Deutsche Bank

Deutsche Bank upgraded shares of Radian Group (NYSE:RDN) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have $28.00 price target on the insurance provider’s stock, up from their prior price target of $24.00.

Several other equities analysts also recently weighed in on RDN. ValuEngine upgraded Radian Group from a buy rating to a strong-buy rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Radian Group from a hold rating to a buy rating and set a $21.00 target price on the stock in a research report on Tuesday, October 10th. Compass Point restated a neutral rating and issued a $21.25 price objective on shares of Radian Group in a research report on Saturday, October 14th. BTIG Research restated a buy rating and issued a $22.00 price objective on shares of Radian Group in a research report on Sunday, October 15th. Finally, Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the company a buy rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $23.89.

Radian Group (RDN) traded up $0.19 during midday trading on Monday, reaching $21.66. The company had a trading volume of 1,569,135 shares, compared to its average volume of 1,506,789. The stock has a market capitalization of $4,720.00, a P/E ratio of 27.42, a PEG ratio of 1.93 and a beta of 1.57. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. Radian Group has a 12 month low of $15.58 and a 12 month high of $22.66.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. Radian Group’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. sell-side analysts anticipate that Radian Group will post 1.75 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in RDN. Schwab Charles Investment Management Inc. lifted its position in shares of Radian Group by 17.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,133,761 shares of the insurance provider’s stock valued at $18,537,000 after acquiring an additional 170,419 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Radian Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 1,257,091 shares of the insurance provider’s stock valued at $20,554,000 after acquiring an additional 7,650 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Radian Group by 19.5% in the second quarter. Legal & General Group Plc now owns 99,637 shares of the insurance provider’s stock valued at $1,628,000 after acquiring an additional 16,234 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after acquiring an additional 803 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Radian Group by 3.5% in the second quarter. Principal Financial Group Inc. now owns 26,881 shares of the insurance provider’s stock valued at $440,000 after acquiring an additional 904 shares in the last quarter. Institutional investors and hedge funds own 91.43% 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.

Analyst Recommendations for Radian Group (NYSE:RDN)

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