Radian Group (NYSE:RDN) : Currently there are 6 street experts covering Radian Group (NYSE: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 Inc. has lost 3.43% in the last five trading days and dropped 15.01% in the last 4 weeks. Radian Group Inc. has dropped 16.22% during the last 3-month period . Year-to-Date the stock performance stands at -22.14%. Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Radian Group (NYSE:RDN). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Credit Suisse lowers the price target from $17.5 per share to $14.5 per share. The rating by the firm was issued on May 2, 2016.
Radian Group (NYSE:RDN) : 4 brokerage houses believe that Radian Group (NYSE:RDN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Radian Group (NYSE:RDN). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.88.
Radian Group (NYSE:RDN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.45 and $10.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.42, notching a gain of 5.36% for the day. The total traded volume was 4,239,459 . The stock had closed at $9.89 on the previous day.
In an insider trading activity, 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.