Radian Group (NYSE:RDN) Rating Lowered to “Hold” at Wall Street Zen

Radian Group (NYSE:RDN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently weighed in on RDN. Weiss Ratings upgraded Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, September 28th. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Zacks Research lowered Radian Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Barclays upped their target price on Radian Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. Finally, BTIG Research started coverage on Radian Group in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $48.00 target price for the company. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.14.

Radian Group Trading Up 0.1%

Shares of RDN opened at $33.95 on Friday. Radian Group has a 52-week low of $30.53 and a 52-week high of $41.05. The stock has a market cap of $4.49 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.82 and a beta of 0.71. The firm’s fifty day moving average is $35.60 and its two-hundred day moving average is $35.88. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last issued 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). The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. Radian Group’s quarterly revenue was up 92.3% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. Research analysts forecast that Radian Group will post 4.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Radian Group news, EVP Meghan Bartholomew sold 7,812 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $35.94, for a total transaction of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares in the company, valued at $1,408,955.82. This represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by company insiders.

Institutional Investors Weigh In On Radian Group

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Radian Group by 4.1% during the 3rd quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 462 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Radian Group by 11.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock valued at $284,000 after acquiring an additional 747 shares during the period. Tidal Investments LLC boosted its holdings in Radian Group by 374.1% during the 2nd quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 26,432 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Radian Group in the 2nd quarter valued at about $44,000. Finally, NewEdge Advisors LLC grew its position in Radian Group by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock valued at $694,000 after acquiring an additional 776 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

About Radian Group

Radian Group Inc (NYSE: RDN) is a financial services company focused on supporting homeownership and the U.S. residential real estate market. Its principal business is mortgage insurance, which helps protect lenders and investors against losses when borrowers default on certain residential mortgage loans. Through its mortgage insurance operations, Radian serves mortgage lenders, banks, credit unions and other housing-finance participants.

The company also provides services and technology intended to support the mortgage and homeownership lifecycle.