B. Riley Analysts Give Radian Group (NYSE:RDN) a $27.00 Price Target

B. Riley set a $27.00 price objective on Radian Group (NYSE:RDN) in a report published on Friday, TipRanks reports. The brokerage currently has a hold rating on the insurance provider’s stock. B. Riley also issued estimates for Radian Group’s Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $2.90 EPS, Q1 2020 earnings at $0.73 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.76 EPS, Q4 2020 earnings at $0.77 EPS, Q1 2021 earnings at $0.76 EPS, Q2 2021 earnings at $0.77 EPS and FY2021 earnings at $3.10 EPS.

Other research analysts have also issued research reports about the company. Barclays reaffirmed a buy rating and set a $27.00 price target on shares of Radian Group in a research report on Monday, June 24th. Compass Point reiterated a buy rating and set a $30.00 target price (up previously from $26.50) on shares of Radian Group in a report on Thursday, May 2nd. MKM Partners upped their target price on Radian Group to $30.00 and gave the stock a buy rating in a report on Thursday, May 2nd. BTIG Research reiterated a buy rating and set a $29.00 target price on shares of Radian Group in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded Radian Group from a hold rating to a sell rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average target price of $27.14.

RDN traded up $0.41 during midday trading on Friday, reaching $22.21. 820,015 shares of the company’s stock traded hands, compared to its average volume of 1,406,195. The firm has a fifty day moving average price of $23.24. The company has a market cap of $4.69 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.28. Radian Group has a 52 week low of $14.77 and a 52 week high of $24.62.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The business had revenue of $394.96 million during the quarter, compared to analyst estimates of $352.77 million. Radian Group had a return on equity of 18.01% and a net margin of 43.66%. Radian Group’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. As a group, equities analysts predict that Radian Group will post 2.91 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new stake in shares of Radian Group in the 2nd quarter worth approximately $87,000. NN Investment Partners Holdings N.V. lifted its position in Radian Group by 39.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock valued at $196,000 after acquiring an additional 2,400 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its position in Radian Group by 5.6% in the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 10,562 shares of the insurance provider’s stock valued at $219,000 after acquiring an additional 562 shares in the last quarter. Creative Planning bought a new position in Radian Group in the 2nd quarter valued at approximately $224,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Radian Group in the 1st quarter valued at approximately $248,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About Radian Group

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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Analyst Recommendations for Radian Group (NYSE:RDN)

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