Radian Group (NYSE:RDN) Stock Rating Lowered by Compass Point

Radian Group (NYSE:RDN - Get Free Report) was downgraded by investment analysts at Compass Point from a "strong-buy" rating to a "hold" rating in a research note issued on Friday,Zacks.com reports.

Several other research analysts have also recently weighed in on RDN. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. UBS Group lifted their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Radian Group has a consensus rating of "Hold" and an average target price of $36.83.

Radian Group Stock Performance

NYSE:RDN traded up $0.16 during trading hours on Friday, reaching $34.17. The company had a trading volume of 280,972 shares, compared to its average volume of 1,217,655. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group has a 52 week low of $29.32 and a 52 week high of $37.86. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.73 and a beta of 0.71. The firm's 50 day moving average price is $32.77 and its 200-day moving average price is $32.92.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to analysts' expectations of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. On average, analysts forecast that Radian Group will post 3.79 EPS for the current year.

Radian Group declared that its board has authorized a share repurchase plan on Wednesday, May 21st that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RDN. Barclays PLC grew its holdings in Radian Group by 218.0% during the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider's stock valued at $9,868,000 after purchasing an additional 194,996 shares during the last quarter. CX Institutional grew its holdings in Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock valued at $261,000 after purchasing an additional 451 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Radian Group by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 29,132 shares of the insurance provider's stock valued at $924,000 after purchasing an additional 1,532 shares during the last quarter. Blue Trust Inc. grew its holdings in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 528 shares during the last quarter. Finally, KBC Group NV grew its stake in Radian Group by 46.5% in the 4th quarter. KBC Group NV now owns 6,565 shares of the insurance provider's stock worth $208,000 after acquiring an additional 2,084 shares in the last quarter. Hedge funds and other institutional investors 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.