Radian Group's (RDN) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Radian Group (NYSE:RDN - Get Free Report)'s stock had its "market perform" rating reissued by analysts at Keefe, Bruyette & Woods in a report issued on Thursday, MarketBeat reports. They currently have a $35.00 price target on the insurance provider's stock, down from their previous price target of $36.00. Keefe, Bruyette & Woods' price objective points to a potential upside of 12.41% from the stock's previous close.

Separately, UBS Group began coverage on shares of Radian Group in a report on Wednesday, December 6th. They set a "neutral" rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $29.80.

Radian Group Trading Down 4.9 %

NYSE RDN traded down $1.61 on Thursday, hitting $31.14. 1,727,908 shares of the stock were exchanged, compared to its average volume of 1,386,854. Radian Group has a 52-week low of $21.71 and a 52-week high of $33.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 2.01 and a beta of 1.02. The company's 50-day moving average price is $29.90 and its two-hundred day moving average price is $27.85.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm had revenue of $328.64 million for the quarter, compared to analysts' expectations of $319.04 million. During the same period in the previous year, the company posted $1.05 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Radian Group will post 3.27 EPS for the current year.

Institutional Investors Weigh In On Radian Group

Large investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC lifted its position in Radian Group by 145.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider's stock worth $27,000 after acquiring an additional 557 shares during the last quarter. Point72 Middle East FZE acquired a new position in Radian Group during the 4th quarter worth $37,000. West Tower Group LLC acquired a new position in Radian Group during the 4th quarter worth $45,000. Johnson Financial Group Inc. acquired a new position in Radian Group during the 4th quarter worth $46,000. Finally, Virtus Fund Advisers LLC acquired a new position in Radian Group during the 4th quarter worth $48,000. 95.33% of the stock is currently owned by institutional investors.

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.