Radian Group (NYSE:RDN – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.
Other analysts also recently issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Radian Group in a report on Tuesday, June 16th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Barclays boosted their price target on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.17.
Get Our Latest Stock Report on RDN
Radian Group Stock Up 0.3%
Radian Group (NYSE:RDN – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s revenue was up 46.6% on a year-over-year basis. As a group, analysts expect that Radian Group will post 5.17 EPS for the current fiscal year.
Insider Buying and Selling
In other Radian Group news, Director Margaret Anne Leyden sold 2,070 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director directly owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. This represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Edward J. Hoffman sold 15,000 shares of the company’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 sale, the executive vice president directly owned 93,708 shares in the company, valued at $3,560,904. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 73,525 shares of company stock worth $2,677,891 in the last quarter. 2.03% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 476 shares during the period. V Square Quantitative Management LLC bought a new position in Radian Group during the fourth quarter worth about $29,000. Geneos Wealth Management Inc. grew its holdings in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the period. Fifth Third Bancorp increased its position in Radian Group by 65.8% during the fourth 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. Finally, Measured Wealth Private Client Group LLC bought a new stake in Radian Group in the third quarter valued at approximately $34,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.
Radian Group Company Profile
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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