UBS Group Raises Radian Group (NYSE:RDN) Price Target to $34.00

Radian Group (NYSE:RDN) had its price target hoisted by research 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 target price would suggest a potential upside of 3.43% from the company’s current price.

Separately, Keefe, Bruyette & Woods decreased their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $36.80.

Radian Group Stock Up 0.2 %

NYSE:RDN opened at $32.87 on Wednesday. Radian Group has a twelve month low of $27.20 and a twelve month high of $37.86. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. The stock has a fifty day simple moving average of $32.67 and a 200-day simple moving average of $33.95. The company has a current ratio of 0.46, a quick ratio of 2.01 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping 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 Activity

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction dated 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 owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On Radian Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock valued at $341,505,000 after purchasing an additional 1,836,020 shares during the last quarter. State Street Corp grew its stake in Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after purchasing an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Radian Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock valued at $193,307,000 after purchasing an additional 248,423 shares during the last quarter. FMR LLC grew its stake in Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after purchasing an additional 12,834 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after purchasing an additional 245,303 shares during the last quarter. Hedge funds and other institutional investors 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.