Radian Group (NYSE:RDN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Radian Group (NYSE:RDN) had its price objective raised by research analysts at Keefe, Bruyette & Woods from $42.00 to $43.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 25.75% from the stock’s current price.

A number of other analysts also recently issued reports on RDN. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Roth Mkm restated a “buy” rating and set a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. UBS Group cut their price target on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, Barclays cut their price target on Radian Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Radian Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Radian Group Stock Down 1.1%

NYSE RDN opened at $34.20 on Friday. The stock’s 50 day moving average is $33.50 and its 200 day moving average is $34.34. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group has a 12 month low of $29.32 and a 12 month high of $38.84. The stock has a market cap of $4.61 billion, a PE ratio of 8.24, a P/E/G ratio of 1.84 and a beta of 0.77.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The company had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. Research analysts predict that Radian Group will post 3.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 357 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Radian Group by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 901 shares during the last quarter. Walleye Capital LLC bought a new position in Radian Group during the second quarter valued at $239,000. Finally, Marshall Wace LLP bought a new position in Radian Group during the second quarter valued at $452,000. 95.33% of the stock is currently owned by hedge funds and other 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.