ValuEngine Upgrades Radian Group (RDN) to “Strong-Buy”

ValuEngine upgraded shares of Radian Group (NYSE:RDN) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

Several other research analysts have also commented on RDN. Zacks Investment Research upgraded shares of Radian Group from a hold rating to a buy rating and set a $21.00 price target on the stock in a report on Tuesday, October 10th. Compass Point restated a neutral rating and issued a $21.25 price target on shares of Radian Group in a report on Saturday, October 14th. BTIG Research restated a buy rating and issued a $22.00 price target on shares of Radian Group in a report on Sunday, October 15th. Susquehanna Bancshares set a $22.00 price target on shares of Radian Group and gave the company a buy rating in a report on Monday, October 16th. Finally, Deutsche Bank raised their price target on shares of Radian Group from $21.00 to $23.00 and gave the company a buy rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $24.52.

Shares of Radian Group (NYSE RDN) opened at $21.69 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 1.23. Radian Group has a 12-month low of $15.58 and a 12-month high of $23.49. The stock has a market cap of $4,842.87, a P/E ratio of 40.17, a P/E/G ratio of 1.88 and a beta of 1.58.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.07. Radian Group had a net margin of 9.91% and a return on equity of 13.59%. The business had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $322.32 million. During the same period last year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. analysts anticipate that Radian Group will post 2.39 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of RDN. Principal Financial Group Inc. raised its stake in shares of Radian Group by 3.5% during the second quarter. Principal Financial Group Inc. now owns 26,881 shares of the insurance provider’s stock valued at $440,000 after purchasing an additional 904 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Radian Group by 115.4% during the second quarter. JPMorgan Chase & Co. now owns 336,132 shares of the insurance provider’s stock valued at $5,495,000 after purchasing an additional 180,109 shares during the period. Amalgamated Bank raised its stake in shares of Radian Group by 1.4% during the second quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock valued at $449,000 after purchasing an additional 376 shares during the period. GSA Capital Partners LLP raised its stake in shares of Radian Group by 180.2% during the second quarter. GSA Capital Partners LLP now owns 40,217 shares of the insurance provider’s stock valued at $658,000 after purchasing an additional 25,862 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Radian Group by 5.0% during the second quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider’s stock valued at $296,201,000 after purchasing an additional 859,950 shares during the period. Institutional investors own 92.30% of the company’s stock.

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Radian Group Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Radian Group (NYSE:RDN)

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