Radian Group (NYSE:RDN) Stock Rating Lowered by Zacks Research

Radian Group (NYSE:RDN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. UBS Group lowered their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Weiss Ratings lowered Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods increased their price objective on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Finally, Barclays lowered their price objective on Radian Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Radian Group has an average rating of “Hold” and a consensus price target of $40.20.

Radian Group Trading Up 0.1%

Radian Group stock traded up $0.02 during mid-day trading on Monday, hitting $35.39. The company’s stock had a trading volume of 150,997 shares, compared to its average volume of 1,349,552. The firm has a market capitalization of $4.77 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. Radian Group has a 1 year low of $29.32 and a 1 year high of $38.84. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $33.74 and its two-hundred day moving average is $34.28.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. The company had revenue of $300.51 million during the quarter, compared to analyst estimates of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. On average, analysts anticipate that Radian Group will post 4.72 EPS for the current year.

Insider Activity at Radian Group

In other news, EVP Edward J. Hoffman sold 13,009 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $35.00, for a total transaction of $455,315.00. Following the completion of the transaction, the executive vice president directly owned 138,708 shares in the company, valued at $4,854,780. This trade represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Radian Group

Several hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV raised its stake in shares of Radian Group by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Radian Group by 16.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after acquiring an additional 310 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Radian Group by 26.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 344 shares in the last quarter. 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.