NEW YORK ( TheStreet) --Shares of mortgage insurers have added to recent gains as they report third quarter earnings, though several questions continue regarding the sector, which is still struggling to come back from the 2008 crisis.
Radian Group (RDN) which reported results Thursday, has seen the biggest gains of late, with shares rising more than 20% as of late Friday morning during the short trading week following Hurricane Sandy.
Radian saw three analysts raise their target prices following the mortgage insurer's third quarter earnings release Thursday, which beat consensus expectations.
Radian reported earnings of 11 cents per share, though FBR Capital Markets analyst Steve Stelmach adjusted that result to a 17 cent loss when removing what he considers "one-time" extraordinary items.Still, Stelmach upped his price target to $6 from $3, noting "a large amount of new insurance written, as well as
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV