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

Radian Group (NYSE:RDN) had its price target dropped by research analysts at Keefe, Bruyette & Woods from $46.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 20.55% from the stock’s current price.

Several other research analysts have also issued reports on the company. Royal Bank Of Canada assumed coverage on Radian Group in a report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings restated a “buy (b)” rating on shares of Radian Group in a report on Tuesday, June 16th. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Barclays lowered their target price on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

Radian Group Price Performance

Radian Group stock opened at $36.50 on Tuesday. The stock’s 50 day moving average is $36.96 and its 200 day moving average is $35.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.41 and a quick ratio of 0.58. The firm has a market cap of $4.85 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.88 and a beta of 0.72. Radian Group has a one year low of $31.50 and a one year high of $41.05.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The firm had revenue of $574.96 million for the quarter, compared to the consensus estimate of $556.55 million. During the same period last year, the company posted $1.01 EPS. The business’s revenue was up 92.3% compared to the same quarter last year. As a group, research analysts expect that Radian Group will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman Howard Bernard Culang sold 5,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total transaction of $181,000.00. Following the transaction, the chairman directly owned 11,662 shares in the company, valued at approximately $422,164.40. This represents a 30.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Weinbach purchased 120,487 shares of Radian Group stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $33.89 per share, for a total transaction of $4,083,304.43. Following the completion of the transaction, the chief executive officer directly owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 15,517 shares of company stock worth $557,610 over the last three months. Company insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the period. V Square Quantitative Management LLC purchased a new position in Radian Group during the fourth quarter valued at $29,000. Geneos Wealth Management Inc. increased its holdings in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Radian Group in the 3rd quarter worth about $34,000. 95.33% of the stock is currently owned by institutional investors.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.