Radian Group (NYSE:RDN) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.
Several other equities analysts have also weighed in on RDN. Wells Fargo & Co started coverage on shares of Radian Group in a report on Tuesday, November 28th. They set a “market perform” rating and a $22.00 target price for the company. BTIG Research reaffirmed a “buy” rating and set a $26.00 target price (up from $22.00) on shares of Radian Group in a report on Wednesday, December 20th. Royal Bank of Canada started coverage on shares of Radian Group in a report on Wednesday, December 20th. They set an “outperform” rating and a $26.00 target price for the company. B. Riley lowered shares of Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a report on Thursday, January 4th. Finally, Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.68.
Radian Group (NYSE RDN) traded down $1.08 during trading hours on Wednesday, hitting $18.91. 4,770,495 shares of the stock traded hands, compared to its average volume of 1,490,000. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $4,080.00, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. Radian Group has a 52-week low of $15.58 and a 52-week high of $23.49.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in Radian Group in the 4th quarter worth $120,000. Wealthcare Advisory Partners LLC purchased a new stake in Radian Group in the 3rd quarter worth $110,000. Meeder Asset Management Inc. increased its holdings in Radian Group by 75.9% in the 4th quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock worth $153,000 after acquiring an additional 3,220 shares in the last quarter. Virtu Financial LLC purchased a new stake in Radian Group in the 4th quarter worth $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Radian Group by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 4,021 shares in the last quarter. 94.49% of the stock is owned by institutional investors.
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About Radian Group
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.
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