NEW YORK (TheStreet) -- Shares of Radian Group Inc. (RDN) are higher by 5.45% to $13.44 in early afternoon trading on Thursday, following the company's 2014 second quarter earnings results, which showed net income of $174.8 million, or 78 cents per diluted share, compared to a net loss of -$33.2 million, or -19 cents per share for the year ago quarter.
Radian, a mortgage insurer, said it attributes the growth in profit to an improvement in the housing market, the closing of its Clayton acquisition, and "strong credit trends for our mortgage insurance business."
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Separately, TheStreet Ratings team rates RADIAN GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIAN GROUP INC (RDN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."