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

Radian Group (NYSE:RDN) had its price objective hoisted by stock analysts at UBS Group from $33.00 to $34.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s target price indicates a potential upside of 4.94% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods reduced their price objective 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Radian Group currently has an average rating of “Hold” and a consensus price target of $36.80.

Radian Group Price Performance

Shares of RDN opened at $32.40 on Wednesday. Radian Group has a 12 month low of $27.20 and a 12 month high of $37.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 2.01. The stock has a fifty day moving average price of $32.72 and a 200 day moving average price of $33.98. The company has a market cap of $4.83 billion, a P/E ratio of 8.24, a PEG ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, research analysts forecast that Radian Group will post 3.79 earnings per share 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 that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.16% of the stock is owned by company insiders.

Institutional Trading of Radian Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in Radian Group during the 4th quarter valued at about $73,693,000. First Trust Advisors LP boosted its position in Radian Group by 20.6% during 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. Assenagon Asset Management S.A. grew its stake in Radian Group by 272.8% in the third quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after purchasing an additional 605,956 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Radian Group by 109.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider’s stock worth $28,588,000 after purchasing an additional 470,158 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Radian Group during the 4th quarter worth about $9,564,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Radian Group

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.