The stock of Radian Group Inc (NYSE:RDN) is a huge mover today! About 1.77M shares traded hands. Radian Group Inc (NYSE:RDN) has risen 16.13% since April 26, 2016 and is uptrending. It has outperformed by 10.87% the S&P500.
The move comes after 8 months positive chart setup for the $3.19 billion company. It was reported on Nov, 29 by Barchart.com. We have $16.04 PT which if reached, will make NYSE:RDN worth $255.20M more.
Analysts await Radian Group Inc (NYSE:RDN) to report earnings on January, 26. They expect $0.40 earnings per share, up 17.65% or $0.06 from last year’s $0.34 per share. RDN’s profit will be $85.93M for 9.28 P/E if the $0.40 EPS becomes a reality. After $0.41 actual earnings per share reported by Radian Group Inc for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.
Radian Group Inc (NYSE:RDN) Ratings Coverage
Out of 7 analysts covering Radian Group (NYSE:RDN), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Radian Group has been the topic of 19 analyst reports since August 31, 2015 according to StockzIntelligence Inc. Compass Point maintained the stock with “Buy” rating in Wednesday, October 28 report. The stock of Radian Group Inc (NYSE:RDN) earned “Buy” rating by M Partners on Monday, August 31. On Friday, January 29 the stock rating was maintained by Compass Point with “Buy”. The stock has “Outperform” rating given by FBR Capital on Thursday, June 30. The firm has “Outperform” rating by FBR Capital given on Friday, July 29. As per Wednesday, January 20, the company rating was downgraded by Macquarie Research. As per Wednesday, October 28, the company rating was maintained by Macquarie Research. The rating was initiated by Bank of America with “Buy” on Monday, October 17. On Friday, October 2 the stock rating was initiated by Wells Fargo with “Market Perform”. The firm has “Mkt Perform” rating given on Monday, November 2 by FBR Capital.
According to Zacks Investment Research, “Radian Group Inc. is the parent company of Radian Guaranty Inc. The company provides private mortgage insurance and risk management services to mortgage lenders nationwide; these services increase homeownership opportunities by helping people to buy homes with down payments of less than 20 percent. Private mortgage insurance protects lenders from default-related losses on residential first mortgages and facilitates the sale of low-down-payment mortgage loans in the secondary market. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.04, from 1.49 in 2016Q1. The ratio improved, as 22 funds sold all Radian Group Inc shares owned while 55 reduced positions. 31 funds bought stakes while 84 increased positions. They now own 195.94 million shares or 1.34% less from 198.59 million shares in 2016Q1.
The Florida-based Eagle Asset Inc has invested 0.08% in Radian Group Inc (NYSE:RDN). Nuveen Asset Limited Liability Com last reported 0% of its portfolio in the stock. Cap Fund Management Sa has 307,849 shares for 0.03% of their US portfolio. Stevens Lp has 43,150 shares for 0.02% of their US portfolio. Mount Vernon Assocs Incorporated Md accumulated 0.3% or 13,400 shares. Us Savings Bank De holds 91,955 shares or 0% of its portfolio. Prudential Fincl has invested 0.02% of its portfolio in Radian Group Inc (NYSE:RDN). Parkside National Bank & Trust And Trust holds 0.01% of its portfolio in Radian Group Inc (NYSE:RDN) for 2,351 shares. Moreover, Citadel Advsrs Llc has 0.02% invested in Radian Group Inc (NYSE:RDN) for 1.36M shares. Products Prns Limited Liability accumulated 0.67% or 807,382 shares. Ajo Lp has invested 0.01% of its portfolio in Radian Group Inc (NYSE:RDN). Moreover, First Personal has 0% invested in Radian Group Inc (NYSE:RDN) for 979 shares. Emerald Advisers Pa holds 0.14% or 284,810 shares in its portfolio. Bnp Paribas Investment Ptnrs has 0.01% invested in the company for 57,081 shares. Mufg Americas Corp last reported 989 shares in the company.
Insider Transactions: Since August 10, 2016, the stock had 1 insider buy, and 0 insider sales for $205,970 net activity. On Wednesday, August 10 the insider Brummer Derek bought $205,970.
More recent Radian Group Inc (NYSE:RDN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: AmerisourceBergen, Radian Group and Symantec” on November 15, 2016. Also Reuters.com published the news titled: “BRIEF-Radian Group Inc says providing certain terms for potential future r…” on November 18, 2016. Nasdaq.com‘s news article titled: “Radian Group Inc. (RDN) Ex-Dividend Date Scheduled for November 17, 2016” with publication date: November 16, 2016 was also an interesting one.
RDN Company Profile
Radian Group Inc., incorporated on December 6, 1991, is a holding firm that provides mortgage insurance, and services and products to the real estate and mortgage finance industries. The Firm operates in two business divisions: Mortgage Insurance and Services. The Company’s clients include mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.
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