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Radian Group (RDN) Crumbles: Stock Falls by 5.4%

Zacks Equity Research

Radian Group Inc. (RDN) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RDN, as the stock is now down nearly 11% since June 18.

The credit enhancement company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 1 decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

RDN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the Finance sector include BB Seguridade Participa (BBSEY), CNO Financial Group, Inc. (CNO) and MetLife, Inc. (MET). All these stocks carry a Zacks Rank #2 (Buy).

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RADIAN GROUP INC (RDN): Free Stock Analysis Report

BB SEGURIDADE (BBSEY): Free Stock Analysis Report

CNO FINANCIAL GROUP INC (CNO): Free Stock Analysis Report

METLIFE INC (MET): Free Stock Analysis Report

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