Keefe, Bruyette & Woods Lowers Radian Group (NYSE:RDN) Price Target to $40.00

Radian Group (NYSE:RDN) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $41.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 26.50% from the stock’s current price.

Separately, Barclays increased their price objective on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.30.

Radian Group Price Performance

Shares of NYSE RDN opened at $31.62 on Wednesday. Radian Group has a 1 year low of $26.11 and a 1 year high of $37.86. The stock has a market capitalization of $4.71 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.69 and a beta of 1.06. The company’s 50-day moving average is $33.46 and its 200 day moving average is $34.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The firm had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, sell-side analysts expect that Radian Group will post 4 earnings per share for the current year.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Radian Group

Institutional investors have recently modified their holdings of the stock. Centiva Capital LP bought a new position in Radian Group in the 3rd quarter worth about $512,000. Public Sector Pension Investment Board raised its holdings in Radian Group by 5.5% in the second quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock worth $10,305,000 after buying an additional 17,367 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after buying an additional 121,166 shares during the last quarter. Moran Wealth Management LLC bought a new position in shares of Radian Group in the third quarter worth approximately $2,650,000. Finally, Vest Financial LLC grew its holdings in shares of Radian Group by 27.4% during the second quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider’s stock valued at $23,221,000 after buying an additional 160,778 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.