Radian Group (NYSE:RDN) Earns Buy Rating from Analysts at BTIG Research

BTIG Research initiated coverage on shares of Radian Group (NYSE:RDN) in a report released on Tuesday. The brokerage set a “buy” rating and a $48.00 price target on the insurance provider’s stock. BTIG Research’s target price would suggest a potential upside of 37.80% from the company’s previous close.

RDN has been the topic of a number of other research reports. Barclays dropped their price target on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Weiss Ratings cut Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, September 11th. Wall Street Zen upgraded Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Radian Group Stock Up 1.5%

NYSE RDN traded up $0.51 during mid-day trading on Tuesday, reaching $34.83. The stock had a trading volume of 40,274 shares, compared to its average volume of 1,280,265. The stock has a market cap of $4.61 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. Radian Group has a 1 year low of $31.50 and a 1 year high of $41.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day moving average price of $37.14 and a 200 day moving average price of $35.87.

Radian Group (NYSE:RDN) last posted its earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. During the same period in the previous year, the business posted $1.01 EPS. The firm’s revenue for the quarter was up 92.3% on a year-over-year basis. On average, research analysts expect that Radian Group will post 4.86 earnings per share for the current year.

Insider Activity

In other news, EVP Meghan Bartholomew sold 7,812 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $35.94, for a total transaction of $280,763.28. Following the sale, the executive vice president directly owned 39,203 shares in the company, valued at $1,408,955.82. This trade represents a 16.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Radian Group

Several large investors have recently made changes to their positions in the business. IFP Advisors Inc raised its stake in Radian Group by 109.3% during the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 351 shares during the period. Global Retirement Partners LLC purchased a new stake in Radian Group in the 2nd quarter worth $37,000. Integrated Wealth Concepts LLC purchased a new position in shares of Radian Group during the second quarter valued at about $44,000. Root Financial Partners LLC boosted its stake in Radian Group by 67.3% during the first quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider’s stock valued at $43,000 after buying an additional 518 shares during the last quarter. Finally, Nykredit A S purchased a new position in Radian Group during the 2nd quarter valued at approximately $55,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Radian Group

Radian Group Inc is a Philadelphia-based provider of private mortgage insurance and related risk-management services. Through its principal subsidiary, Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, primarily by insuring loans that have relatively low down payments. Mortgage insurance can enable qualified borrowers to obtain home financing without making a traditional 20% down payment.

Radian’s mortgage insurance products are designed for lenders, mortgage originators and investors in the United States.