Radian Group (NYSE:RDN) Given New $43.00 Price Target at Keefe, Bruyette & Woods

Radian Group (NYSE:RDN) had its target price lowered by analysts at Keefe, Bruyette & Woods from $44.00 to $43.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods‘s target price points to a potential upside of 17.90% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. BTIG Research initiated coverage on Radian Group in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $48.00 target price on the stock. Weiss Ratings downgraded Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research raised Radian Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, Barclays increased their target price on Radian Group from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Moderate Buy” and an average price target of $43.14.

Radian Group Trading Up 1.4%

RDN stock opened at $36.47 on Tuesday. Radian Group has a 1-year low of $30.53 and a 1-year high of $41.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.91 and a beta of 0.69. The business has a 50 day simple moving average of $34.80 and a two-hundred day simple moving average of $35.29.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.20 by $0.24. Radian Group had a net margin of 28.41% and a return on equity of 14.28%. The business had revenue of $624.11 million for the quarter, compared to analysts’ expectations of $595.99 million. During the same quarter in the previous year, the company earned $1.15 EPS. Research analysts anticipate that Radian Group will post 4.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Radian Group news, EVP Stephen Keleher sold 8,000 shares of Radian Group stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $38.58, for a total transaction of $308,640.00. Following the completion of the transaction, the executive vice president directly owned 27,789 shares of the company’s stock, valued at $1,072,099.62. The trade was a 22.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Meghan Bartholomew sold 7,812 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $35.94, for a total transaction of $280,763.28. Following the transaction, the executive vice president owned 39,203 shares in the company, valued at $1,408,955.82. This trade represents a 16.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Radian Group

Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LP acquired a new stake in shares of Radian Group in the second quarter valued at about $1,099,000. Deutsche Bank AG acquired a new position in Radian Group during the second quarter worth about $13,071,000. The Manufacturers Life Insurance Company acquired a new position in Radian Group during the second quarter worth about $2,645,000. Fifth Third Bancorp boosted its position in Radian Group by 17,199.1% during the first quarter. Fifth Third Bancorp now owns 156,903 shares of the insurance provider’s stock worth $5,190,000 after acquiring an additional 155,996 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Radian Group during the 2nd quarter valued at about $2,801,000. 95.33% of the stock is owned by institutional investors.

About Radian Group

Radian Group Inc is a mortgage and real estate services company whose primary business is private mortgage insurance. Through its subsidiaries, it provides mortgage insurance to lenders and other housing finance participants in the United States.

Mortgage insurance helps protect lenders and investors against losses if borrowers default. It can also support home purchases by allowing qualified borrowers to obtain mortgages with smaller down payments than would otherwise be required.

Radian also offers services and solutions related to mortgage risk management.