Radian Group (NYSE:RDN) Receives Neutral Rating from UBS Group

Radian Group (NYSE:RDN - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at UBS Group in a report released on Monday, Marketbeat reports. They presently have a $38.00 target price on the insurance provider's stock, up from their prior target price of $36.00. UBS Group's target price points to a potential upside of 10.66% from the company's previous close.

Other analysts have also issued research reports about the stock. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Barclays raised their price target on Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective for the company. in a research report on Monday, July 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $37.50.

Radian Group Price Performance

Radian Group stock traded up $0.50 during mid-day trading on Monday, hitting $34.34. 1,226,032 shares of the company were exchanged, compared to its average volume of 1,549,799. The company has a market capitalization of $4.61 billion, a PE ratio of 8.74 and a beta of 0.72. The business has a fifty day moving average of $34.50 and a 200 day moving average of $33.11. Radian Group has a 1-year low of $29.32 and a 1-year high of $37.86. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52.

Radian Group (NYSE:RDN - Get Free Report) last posted its 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. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The business had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm's quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts expect that Radian Group will post 3.79 earnings per share for the current year.

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

Insider Buying and Selling at Radian Group

In other news, EVP Eric Ray sold 30,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.30, for a total transaction of $999,000.00. Following the completion of the transaction, the executive vice president directly owned 13,957 shares in the company, valued at approximately $464,768.10. The trade was a 68.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward J. Hoffman sold 20,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $36.00, for a total transaction of $720,000.00. Following the completion of the sale, the executive vice president owned 161,586 shares in the company, valued at $5,817,096. This represents a 11.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,378 shares of company stock valued at $2,944,414 over the last ninety days. Company insiders own 2.16% of the company's stock.

Institutional Investors Weigh In On Radian Group

Several large investors have recently bought and sold shares of RDN. Norges Bank bought a new position in Radian Group during the fourth quarter worth about $73,693,000. First Trust Advisors LP raised its position in shares of 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 worth $341,505,000 after purchasing an additional 1,836,020 shares during the period. Jane Street Group LLC lifted its holdings in shares of Radian Group by 11,446.4% during the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock valued at $43,339,000 after purchasing an additional 1,299,167 shares in the last quarter. Nuveen LLC acquired a new position in shares of Radian Group in the 1st quarter valued at approximately $40,749,000. Finally, Millennium Management LLC bought a new stake in Radian Group during the 1st quarter worth approximately $27,282,000. 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.