Radian Group (NYSE:RDN) Price Target Lowered to $37.00 at Keefe, Bruyette & Woods

Radian Group (NYSE:RDN - Get Free Report) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $40.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 14.27% from the company's current price.

Separately, UBS Group lifted their price target on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $36.20.

Radian Group Price Performance

RDN stock traded up $0.83 during trading on Tuesday, reaching $32.38. 2,441,215 shares of the company were exchanged, compared to its average volume of 1,174,684. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The company has a 50-day moving average of $32.31 and a two-hundred day moving average of $33.21. Radian Group has a twelve month low of $29.17 and a twelve month high of $37.86.

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Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities analysts predict that Radian Group will post 3.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.16% of the company's stock.

Institutional Trading of Radian Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its position in shares of Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the period. Covestor Ltd raised its holdings in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after buying an additional 355 shares during the last quarter. MML Investors Services LLC raised its holdings in Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after buying an additional 364 shares during the last quarter. CX Institutional lifted its stake in shares of Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock valued at $261,000 after buying an additional 451 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after buying an additional 485 shares during the last quarter. Institutional investors and hedge funds 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.