Price Target Update on Radian Group (NYSE:RDN)

Radian Group (NYSE:RDN) : The highest level Radian Group (NYSE:RDN) is projected to reach is $17 for the short term and the lowest estimate is at $12. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $15.08 and the possibility the share price can swing is $1.74.

Other Equity analysts have also commented on the company shares. Credit Suisse maintains their rating on the shares of Radian Group (NYSE:RDN). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $14.5 per share from $17.5 per share. The rating by the firm was issued on May 2, 2016.

Radian Group (NYSE:RDN): stock turned positive on Thursday. Though the stock opened at $10.67, the bulls momentum made the stock top out at $10.85 level for the day. The stock recorded a low of $10.65 and closed the trading day at $10.79, in the green by 2.18%. The total traded volume for the day was 2,796,352. The stock had closed at $10.56 in the previous days trading.

The company shares have dropped -44.19% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $19.13 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $11.70 and the 200 Day Moving Average price is recorded at $11.89. On the companys insider trading activities, Ibrahim Sanford A, CEO of Radian Group Inc, executed a transaction worth $252,750 on February 3, 2016. A total of 25,000 shares were purchased at an average price of $10.11. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty, the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.

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