Radian Group Inc (RDN) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 16

Radian Group Inc (RDN) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $14 . FBR Capital advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Radian Group Inc. Radian Group Inc was Upgraded by FBR Capital to ” Outperform” on Jun 30, 2016.

On the company’s financial health, Radian Group Inc reported $0.38 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.38.Analysts expectations of $ 295.26.During the same quarter in the previous year, the company posted $0.40 EPS.

Radian Group Inc opened for trading at $12.33 and hit $12.76 on the upside on Thursday, eventually ending the session at $12.72, with a gain of 3.16% or 0.39 points. The heightened volatility saw the trading volume jump to 38,52,894 shares. Company has a market cap of $2,726 M.

In a different news, on Feb 4, 2016, Sanford A Ibrahim (CEO) purchased 25,000 shares at $10.11 per share price. According to the SEC, on Feb 4, 2016, Catherine Mary Jackson (SVP, Chief Accounting Officer) purchased 34,000 shares at $10.19 per share price. On Feb 4, 2016, Edward J Hoffman (EVP, General Counsel) purchased 7,500 shares at $10.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Radian Group Inc

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