Radian Group (RDN) : The consensus on Radian Group (RDN) based on 8 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Radian Group (RDN) : Currently there are 6 street experts covering Radian Group (RDN) stock. The most bullish and bearish price target for the stock is $17 and $12 respectively for the short term. The average price target of all the analysts comes to $15.08. The estimated standard deviation from the target is $1.74.
Radian Group (NYSE:RDN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.21 and $9.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.47, notching a gain of 5.97% for the day. The total traded volume was 6,567,945 . The stock had closed at $9.88 on the previous day.
Also, Equity Analysts at the FBR Capital upgrades the rating on Radian Group (NYSE:RDN). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 30, 2016. The company shares have dropped -45.80% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $19.02 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $11.21 and the 200 Day Moving Average price is recorded at $11.66.
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.