Radian Group (RDN) Lowered to Neutral at B. Riley

B. Riley lowered shares of Radian Group (NYSE:RDN) from a buy rating to a neutral rating in a report released on Thursday. They currently have $22.00 price objective on the insurance provider’s stock.

A number of other brokerages have also commented on RDN. ValuEngine lowered shares of Radian Group from a strong-buy rating to a buy rating in a research report on Thursday, September 7th. Royal Bank of Canada initiated coverage on shares of Radian Group in a research report on Wednesday, December 20th. They issued an outperform rating and a $26.00 price objective on the stock. Zacks Investment Research lowered shares of Radian Group from a buy rating to a hold rating in a research report on Monday, October 23rd. Compass Point raised shares of Radian Group from a neutral rating to a buy rating and boosted their price objective for the stock from $21.75 to $24.75 in a research report on Friday, October 27th. Finally, Wells Fargo & Co initiated coverage on shares of Radian Group in a research report on Tuesday, November 28th. They issued a market perform rating and a $22.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $23.43.

Shares of Radian Group (NYSE:RDN) traded up $0.11 during mid-day trading on Thursday, hitting $20.86. 1,735,500 shares of the stock were exchanged, compared to its average volume of 1,456,800. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $4,472.98, a price-to-earnings ratio of 26.74, a PEG ratio of 2.05 and a beta of 1.57. Radian Group has a twelve month low of $15.58 and a twelve month high of $22.66.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million for the quarter, compared to analyst estimates of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. equities analysts predict that Radian Group will post 1.75 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were given a dividend of $0.002 per share. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Friday, November 24th. Radian Group’s dividend payout ratio (DPR) is currently 1.28%.

A number of hedge funds and other institutional investors have recently bought and sold shares of RDN. Wealthcare Advisory Partners LLC bought a new stake in Radian Group during the third quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Radian Group by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 803 shares in the last quarter. Skba Capital Management LLC bought a new stake in Radian Group during the second quarter worth $170,000. Zacks Investment Management bought a new stake in Radian Group during the second quarter worth $175,000. Finally, ETRADE Capital Management LLC bought a new stake in Radian Group during the second quarter worth $183,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

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Radian Group Company Profile

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.

Analyst Recommendations for Radian Group (NYSE:RDN)

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