UBS Group Raises Radian Group (NYSE:RDN) Price Target to $31.50

Radian Group (NYSE:RDN - Get Free Report) had its target price boosted by UBS Group from $30.00 to $31.50 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the insurance provider's stock. UBS Group's target price suggests a potential upside of 0.64% from the company's previous close.

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.88.

Radian Group Price Performance

Radian Group stock traded down $0.13 during midday trading on Wednesday, reaching $31.30. The company's stock had a trading volume of 720,106 shares, compared to its average volume of 1,186,092. Radian Group has a fifty-two week low of $24.34 and a fifty-two week high of $33.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80. The stock's 50 day simple moving average is $31.27 and its 200 day simple moving average is $29.06. The firm has a market capitalization of $4.71 billion, a PE ratio of 8.29, a P/E/G ratio of 1.74 and a beta of 1.03.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.20. The business had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities research analysts forecast that Radian Group will post 3.52 earnings per share for the current year.

Institutional Trading of Radian Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC grew its holdings in Radian Group by 145.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider's stock valued at $27,000 after buying an additional 557 shares during the period. Johnson Financial Group Inc. purchased a new stake in Radian Group in the 4th quarter valued at about $46,000. AXS Investments LLC purchased a new stake in Radian Group in the 4th quarter valued at about $66,000. GAMMA Investing LLC purchased a new stake in Radian Group in the 4th quarter valued at about $101,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Radian Group in the 1st quarter valued at about $105,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Company Profile

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.