Radian Group (NYSE:RDN - Get Free Report) had its price target raised by analysts at UBS Group from $33.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. UBS Group's price target suggests a potential upside of 4.83% from the company's current price.
Separately, Keefe, Bruyette & Woods lowered their target price on Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Radian Group has a consensus rating of "Hold" and an average target price of $36.80.
Check Out Our Latest Stock Report on RDN
Radian Group Trading Down 1.1 %
RDN traded down $0.38 during trading on Wednesday, hitting $32.44. The company's stock had a trading volume of 1,481,419 shares, compared to its average volume of 1,269,922. 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 2.87 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $32.67 and its 200-day moving average price is $33.95. The firm has a market capitalization of $4.71 billion, a P/E ratio of 8.25, a PEG ratio of 1.73 and a beta of 1.06.
Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Analysts anticipate 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 company's 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 sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.16% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Radian Group
Several institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Radian Group by 109.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock worth $28,588,000 after buying an additional 470,158 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Radian Group by 505.3% during the fourth quarter. Squarepoint Ops LLC now owns 195,709 shares of the insurance provider's stock worth $6,208,000 after buying an additional 163,374 shares in the last quarter. Two Sigma Investments LP bought a new stake in Radian Group during the fourth quarter worth $409,000. ProShare Advisors LLC grew its holdings in Radian Group by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 45,621 shares of the insurance provider's stock worth $1,447,000 after buying an additional 14,027 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Radian Group by 9.8% in the 4th quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider's stock valued at $274,000 after purchasing an additional 768 shares during the period. Institutional investors own 95.33% of the company's stock.
About Radian Group
(
Get Free Report)
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.
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