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

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

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

Radian Group Price Performance

NYSE RDN opened at $31.62 on Wednesday. Radian Group has a one year low of $26.11 and a one year high of $37.86. The stock has a 50-day moving average of $33.46 and a 200 day moving average of $34.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 1.69 and a beta of 1.06.

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

Insider Activity at Radian Group

In related 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 transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is currently owned by company insiders.

Institutional Trading of Radian Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after acquiring an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after purchasing an additional 121,166 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Radian Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after purchasing an additional 89,363 shares during the period. FMR LLC increased its stake in shares of Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after purchasing an additional 12,834 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after purchasing an additional 25,862 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.