Keefe, Bruyette & Woods Has Lowered Expectations for Radian Group (NYSE:RDN) Stock Price

Radian Group (NYSE:RDN) had its price objective reduced by investment analysts at Keefe, Bruyette & Woods from $41.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 26.70% from the stock’s current price.

Separately, Barclays upped their price objective 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.30.

Radian Group Price Performance

RDN traded down $0.16 during trading on Wednesday, hitting $31.57. 270,180 shares of the stock traded hands, compared to its average volume of 994,573. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The business has a 50 day moving average price of $33.54 and a 200 day moving average price of $34.08. Radian Group has a twelve month low of $26.11 and a twelve month high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. Equities research analysts forecast that Radian Group will post 4 earnings per share for the current fiscal year.

Insider Activity at Radian Group

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 value of $509,528.25. Following the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Radian Group

A number of hedge funds have recently added to or reduced their stakes in RDN. Centiva Capital LP purchased a new stake in shares of Radian Group during the third quarter valued at $512,000. Public Sector Pension Investment Board lifted its stake in Radian Group by 5.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock valued at $10,305,000 after acquiring an additional 17,367 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after acquiring an additional 121,166 shares during the last quarter. Moran Wealth Management LLC bought a new stake in shares of Radian Group in the third quarter worth approximately $2,650,000. Finally, Vest Financial LLC raised its holdings in shares of Radian Group by 27.4% during the second quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider’s stock valued at $23,221,000 after purchasing an additional 160,778 shares during the last quarter. 95.33% of the stock is currently 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.