Radian Group (NYSE:RDN) Given Neutral Rating at UBS Group

Radian Group (NYSE:RDN - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at UBS Group in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $38.00 price target on the insurance provider's stock, up from their previous price target of $36.00. UBS Group's price target points to a potential upside of 12.34% from the company's previous close.

Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective on the stock. in a research note on Monday, July 7th. Barclays boosted their target price on Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Radian Group currently has an average rating of "Hold" and a consensus price target of $37.50.

Radian Group Stock Performance

Radian Group stock traded down $0.03 during mid-day trading on Monday, reaching $33.83. 219,388 shares of the company's stock were exchanged, compared to its average volume of 1,284,042. The business's fifty day simple moving average is $34.51 and its 200 day simple moving average is $33.13. 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 has a one year low of $29.32 and a one year high of $37.86. The firm has a market capitalization of $4.54 billion, a PE ratio of 8.61 and a beta of 0.72.

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 analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The firm's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. On average, sell-side analysts expect that Radian Group will post 3.79 earnings per share for the current year.

Radian Group declared that its board has approved a share buyback program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Eric Ray sold 30,000 shares of the 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 sale, the executive vice president owned 13,957 shares of the company's stock, valued at approximately $464,768.10. This represents a 68.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward J. Hoffman sold 20,000 shares of Radian Group stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.00, for a total value of $720,000.00. Following the transaction, the executive vice president directly owned 161,586 shares of the company's stock, valued at $5,817,096. The trade was a 11.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,378 shares of company stock valued at $2,944,414 in the last 90 days. Corporate insiders own 2.01% of the company's stock.

Institutional Trading of Radian Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock worth $29,000 after purchasing an additional 572 shares during the period. Picton Mahoney Asset Management grew its position in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares in the last quarter. Covestor Ltd grew its position in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after buying an additional 355 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Radian Group in the 1st quarter valued at about $88,000. 95.33% of the stock is currently owned by hedge funds and other 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.