Radian Group (NYSE:RDN) Raised to Outperform at Keefe, Bruyette & Woods

Radian Group (NYSE:RDN) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $42.00 price target on the insurance provider’s stock, up from their previous price target of $41.00. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 22.28% from the company’s previous close.

Several other research firms have also recently commented on RDN. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Finally, UBS Group dropped their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Radian Group has an average rating of “Hold” and a consensus price target of $40.20.

Radian Group Trading Up 0.3%

NYSE:RDN opened at $34.35 on Wednesday. The business’s 50-day simple moving average is $34.66 and its 200-day simple moving average is $34.68. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $4.65 billion, a PE ratio of 8.57 and a beta of 0.81.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.01% of the company’s stock.

Institutional Investors Weigh In On Radian Group

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Radian Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock valued at $589,393,000 after buying an additional 427,473 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Radian Group by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,717,423 shares of the insurance provider’s stock valued at $205,773,000 after acquiring an additional 274,222 shares during the period. American Century Companies Inc. increased its stake in shares of Radian Group by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after purchasing an additional 171,049 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Radian Group by 43.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Radian Group in the 2nd quarter valued at about $85,785,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Company Profile

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.