Radian Group (NYSE:RDN) Stock Price Expected to Rise, UBS Group Analyst Says

Radian Group (NYSE:RDN) had its price objective raised by equities researchers at UBS Group from $33.00 to $34.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s price objective would indicate a potential upside of 3.43% from the company’s current price.

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average price target of $36.80.

Radian Group Price Performance

Shares of NYSE:RDN opened at $32.87 on Wednesday. The firm’s 50 day moving average price is $32.67 and its 200-day moving average price is $33.95. Radian Group has a twelve month low of $27.20 and a twelve month high of $37.86. The company has a quick ratio of 2.01, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $4.77 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities research analysts expect that Radian Group will post 3.79 EPS for the current year.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Radian Group

A number of institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in Radian Group by 20.6% during the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock valued at $341,505,000 after buying an additional 1,836,020 shares in the last quarter. State Street Corp grew its holdings in 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 buying an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock valued at $193,307,000 after buying an additional 248,423 shares in the last quarter. FMR LLC grew its holdings in Radian Group by 0.4% during the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after buying an additional 12,834 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Radian Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after buying an additional 245,303 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

About Radian Group

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.