Keefe, Bruyette & Woods Issues Pessimistic Forecast for Radian Group (NYSE:RDN) Stock Price

Radian Group (NYSE:RDN - Get Free Report) had its price target dropped by equities research analysts at Keefe, Bruyette & Woods from $41.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 26.50% from the stock's previous close.

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 report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.30.

Radian Group Stock Down 0.3 %

Radian Group stock traded down $0.11 on Wednesday, hitting $31.62. 1,824,337 shares of the stock traded hands, compared to its average volume of 1,323,147. Radian Group has a 1 year low of $26.11 and a 1 year high of $37.86. The firm has a market cap of $4.71 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The business's fifty day simple moving average is $33.54 and its 200 day simple moving average is $34.08.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.81% and a net margin of 45.96%. The business had revenue of $319.05 million during the quarter, compared to analysts' expectations of $320.30 million. As a group, sell-side analysts forecast that Radian Group will post 4 earnings per share for the current year.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.16% of the company's stock.

Institutional Trading of Radian Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDN. V Square Quantitative Management LLC purchased a new stake in Radian Group in the third quarter worth about $27,000. Blue Trust Inc. increased its holdings in Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after acquiring an additional 1,949 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Radian Group during the 2nd quarter worth approximately $116,000. KBC Group NV lifted its holdings in Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 716 shares in the last quarter. Finally, Forum Financial Management LP bought a new position in shares of Radian Group in the third quarter worth approximately $201,000. 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.