Radian Group Shares Climb 15.4% (RDN)

Shares of Radian Group Inc. RDN are trading up 15.4% at $8.60 per share during the Tuesday afternoon trading session. The day's trading range for shares of Radian Group Inc has been between $7.90 and $8.83 per share. Analysts covering the company's stock give it a consensus price target of $11.31 per share. Volume of 13.4 million shares is already more than triple the daily average volume of 4.4 million shares. Radian Group Inc. (RDN) announced on Tuesday morning that it beat consensus Wall Street earnings expectations. Radian Group Inc announced a smaller than expected 3rd quarter adjusted loss of 28 cents per share. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 66 cents per share. Chief executive officer S.A. Ibrahim said, “The signs of credit trend stabilization continued for our businesses, including the third straight quarter of declining mortgage insurance delinquencies, despite the challenge of an uncertain economy. We are also pleased that Radian maintained its 21 percent market share of high-quality business as the private mortgage insurance industry continued to slowly recapture market share from the FHA.” Read more from Benzinga's Company news.