Keefe, Bruyette & Woods Reiterates Outperform Rating for Radian Group (NYSE:RDN)

Radian Group (NYSE:RDN)‘s stock had its “outperform” rating reissued by Keefe, Bruyette & Woods in a research report issued on Friday,Benzinga reports. They presently have a $38.00 target price on the insurance provider’s stock, up from their previous target price of $37.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.26% from the stock’s current price.

Separately, UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Radian Group currently has an average rating of “Hold” and an average price target of $36.40.

Radian Group Price Performance

Shares of RDN stock opened at $33.85 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. Radian Group has a 12-month low of $29.32 and a 12-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 firm has a fifty day moving average of $32.05 and a 200-day moving average of $32.93.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The company had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. During the same quarter last year, the firm posted $1.03 earnings per share. Radian Group’s revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Radian Group will post 3.79 earnings per share for the current year.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Radian Group

Several institutional investors have recently added to or reduced their stakes in RDN. Nordea Investment Management AB grew its stake in shares of Radian Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after acquiring an additional 19,730 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Radian Group by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after purchasing an additional 13,202 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after purchasing an additional 25,500 shares in the last quarter. EMC Capital Management raised its position in shares of Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock valued at $584,000 after buying an additional 13,810 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Radian Group in the fourth quarter valued at approximately $4,872,000. 95.33% of the stock is currently owned by 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.