BTIG Research restated their buy rating on shares of Radian Group Inc (NYSE:RDN) in a research report report published on Friday, ARN reports. BTIG Research currently has a $22.00 price target on the stock.

“Outlook for Both Volumes and Pricing in 2016 With shares of its stock having fallen below the company’s book value, Radian Group (RDN, Buy, $22 PT) on January 15 announced a new, $100mm share repurchase authorization. While we believe the authorization made a great deal of sense insofar as buybacks had become accretive at that point, the move also demonstrated how far RDN shares had fallen in just under half a year.   RDN stock fell by 41.5% between June 25 and yesterday’s close, moving from a handsome premium to book value to a discount in the process. We believe the decline could be attributed to investor concerns about competition in the space and its impact on the company’s volumes and profitability.   With Arch Mortgage Insurance and NMI Holdings (NMI, Buy, $10 PT) both ratcheting up the pressure from a pricing perspective, investors have been looking to see how other industry participants would respond. RDN in 3Q15 made it clear that it would not pursue business unless it met its return hurdles. This display of discipline, while prudent in our view, was not met with an enthusiastic response by investors.”,” the firm’s analyst commented.

A number of other equities research analysts have also weighed in on RDN. FBR & Co. dropped their price target on Radian Group from $19.00 to $16.00 and set a market perform rating on the stock in a research note on Monday, November 2nd. Keefe, Bruyette & Woods dropped their price target on Radian Group from $20.00 to $18.00 and set an outperform rating on the stock in a research note on Monday, November 2nd. Compass Point dropped their price target on Radian Group from $23.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday, October 28th. Zacks Investment Research upgraded Radian Group from a sell rating to a hold rating in a research note on Tuesday, October 27th. Finally, MKM Partners dropped their price target on Radian Group from $22.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, October 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $19.22.

Radian Group (NYSE:RDN) traded up 1.89% during midday trading on Friday, reaching $9.68. 6,782,523 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.00 billion and a price-to-earnings ratio of 3.67. The firm’s 50 day moving average is $12.52 and its 200 day moving average is $15.58. Radian Group has a 52 week low of $9.29 and a 52 week high of $19.13.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.05. During the same quarter last year, the firm earned $0.67 EPS. The firm earned $297.30 million during the quarter, compared to analyst estimates of $231.35 million. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Radian Group will post $1.39 earnings per share for the current year.

Other hedge funds and institutional investors recently made changes to their positions in the company. Beacon Capital Management bought a new position in shares of Radian Group during the fourth quarter worth about $0. Assetmark bought a new position in shares of Radian Group during the third quarter worth about $0. Quantitative Systematic Strategies bought a new position in shares of Radian Group during the fourth quarter worth about $311,000. Nordea Investment Management AB bought a new position in shares of Radian Group during the fourth quarter worth about $1,201,000. Finally, Dalton Greiner Hartman Maher & Company increased its position in shares of Radian Group by 3.6% in the fourth quarter. Dalton Greiner Hartman Maher & Company now owns 1,387,236 shares of the company’s stock worth $18,575,000 after buying an additional 47,578 shares during the last quarter.

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.

12 Month Chart for NYSE:RDN

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