Radian Group (NYSE:RDN) Stock Rating Upgraded by Wall Street Zen

Radian Group (NYSE:RDN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts have also recently weighed in on the stock. Royal Bank Of Canada initiated coverage on shares of Radian Group in a report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective for the company. Barclays increased their target price on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods upped their price target on Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Radian Group Price Performance

Shares of NYSE RDN opened at $39.05 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.98 and a beta of 0.72. The firm’s 50 day simple moving average is $36.61 and its 200-day simple moving average is $35.08. Radian Group has a 12 month low of $31.50 and a 12 month high of $41.05.

Radian Group (NYSE:RDN) last posted its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same period in the previous year, the business posted $0.99 EPS. The business’s revenue was up 46.6% compared to the same quarter last year. Analysts expect that Radian Group will post 5.17 EPS for the current year.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 15,000 shares of the stock in a transaction on Friday, May 8th. The shares were 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 of the company’s stock, valued at $3,560,904. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael S. Weinbach bought 120,487 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the purchase, the chief executive officer directly owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 30,516 shares of company stock valued at $1,127,576. Insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Radian Group

Large investors have recently bought and sold shares of the company. Handelsbanken Fonder AB raised its holdings in shares of Radian Group by 10.7% during the second quarter. Handelsbanken Fonder AB now owns 40,285 shares of the insurance provider’s stock valued at $1,518,000 after acquiring an additional 3,900 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Radian Group by 10.0% in the second quarter. GAMMA Investing LLC now owns 11,151 shares of the insurance provider’s stock worth $420,000 after acquiring an additional 1,010 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Radian Group by 439.9% in the first quarter. Parallel Advisors LLC now owns 2,262 shares of the insurance provider’s stock worth $75,000 after acquiring an additional 1,843 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Radian Group during the first quarter worth approximately $338,000. Finally, Bank of America Corp DE increased its position in shares of Radian Group by 26.1% during the first quarter. Bank of America Corp DE now owns 758,110 shares of the insurance provider’s stock worth $25,078,000 after purchasing an additional 156,770 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Radian Group

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.