Radian Group (NYSE:RDN) Cut to Neutral at B. Riley
B. Riley cut shares of Radian Group (NYSE:RDN) from a buy rating to a neutral rating in a report issued on Thursday, January 4th, MarketBeat.com reports. They currently have $22.00 price objective on the insurance provider’s stock.
Several other analysts have also weighed in on the company. ValuEngine lowered Radian Group from a strong-buy rating to a buy rating in a report on Thursday, September 7th. FBR & Co reaffirmed a buy rating on shares of Radian Group in a report on Thursday, October 26th. Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the stock a buy rating in a research note on Monday, October 16th. BTIG Research reaffirmed a buy rating and issued a $22.00 target price on shares of Radian Group in a research report on Sunday, October 15th. Finally, Compass Point reissued a neutral rating and set a $21.25 price objective on shares of Radian Group in a report on Saturday, October 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $23.89.
Radian Group (NYSE:RDN) opened at $22.33 on Thursday. Radian Group has a 52 week low of $15.58 and a 52 week high of $23.49. The company has a market capitalization of $4,861.00, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.95 and a beta of 1.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.
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About Radian Group
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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