In a report released today, Randy Binner from B.Riley FBR maintained a Hold rating on Radian Group (NYSE: RDN), with a price target of $24. The company’s shares closed yesterday at $19.48.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 15.7% and a 70.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and National General Holdings.
Currently, the analyst consensus on Radian Group is a Moderate Buy with an average price target of $22.25, implying a 14.2% upside from current levels. In a report issued on July 26, RBC Capital also reiterated a Hold rating on the stock with a $21 price target.
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Based on Radian Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $209 million. In comparison, last year the company had a GAAP net loss of $27.34 million.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Edward Hoffman, the Sr. EVP, General Counsel of RDN sold 14,985 shares for a total of $245,454.
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Radian Group, Inc. is a holding company, which engages in the provision of private mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage Insurance and Services business segment.
