FBR Capital Reiterates a Buy Rating on Radian Group

By Ryan Adsit

In a report released yesterday, Randy Binner from FBR Capital reiterated a Buy rating on Radian Group (NYSE: RDN). The company’s shares opened today at $13.70.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 9.9% and a 69.9% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, National General Holdings, and Lincoln National Corp.

Radian Group has an analyst consensus of Strong Buy.

The company has a one year high of $14.77 and a one year low of $9.29. Currently, Radian Group has an average volume of 2.11M.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RDN in relation to earlier this year. Most recently, in February 2016, Howard Bernard Culang, a a Director at RDN bought 3,200 shares for a total of $32,736.

Radian Group, Inc. is a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien mortgage loans and other products and services to the mortgage and real estate industries. The company operates through the Mortgage Insurance and Services business segments. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions nationwide. The Services segment offers outsourced services, information-based analytics and specialty consulting. The company was founded in 1991 and is headquartered in Philadelphia, PA.