Keefe, Bruyette & Woods Issues Pessimistic Forecast for Radian Group (NYSE:RDN) Stock Price

Radian Group (NYSE:RDN) had its target price decreased by stock 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 firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods‘s price objective would indicate a potential upside of 17.90% from the company’s previous close.

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

Radian Group Trading Up 1.4%

Shares of RDN opened at $36.47 on Tuesday. The firm’s 50-day moving average price is $34.80 and its 200-day moving average price is $35.29. The firm 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 company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. Radian Group has a 1-year low of $30.53 and a 1-year high of $41.05.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 company 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 earnings per share. Sell-side analysts anticipate that Radian Group will post 4.85 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Stephen Keleher sold 8,000 shares of Radian Group stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $38.58, for a total value of $308,640.00. Following the completion of the sale, the executive vice president directly owned 27,789 shares in the company, valued at approximately $1,072,099.62. This trade represents a 22.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 dated Monday, September 14th. The stock was sold at an average price of $35.94, for a total value of $280,763.28. Following the completion of the transaction, the executive vice president directly owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This trade represents a 16.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.03% of the company’s stock.

Institutional Trading of Radian Group

A number of hedge funds have recently bought and sold shares of RDN. Edgestream Partners L.P. bought a new stake in Radian Group during the 3rd quarter worth approximately $793,000. HighTower Advisors LLC lifted its holdings in Radian Group by 62.3% during the third quarter. HighTower Advisors LLC now owns 14,572 shares of the insurance provider’s stock valued at $446,000 after purchasing an additional 5,593 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Radian Group by 20.9% in the third quarter. Intech Investment Management LLC now owns 183,802 shares of the insurance provider’s stock worth $5,626,000 after purchasing an additional 31,764 shares during the period. Alberta Investment Management Corp bought a new position in shares of Radian Group in the third quarter worth approximately $2,467,000. Finally, Royce & Associates LP boosted its position in shares of Radian Group by 0.9% in the third quarter. Royce & Associates LP now owns 93,999 shares of the insurance provider’s stock worth $2,877,000 after purchasing an additional 808 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.