Radian Group (NYSE:RDN) Price Target Raised to $43.00

Key Points

• Keefe, Bruyette & Woods lifted Radian's price target to $43 (from $42) and kept an outperform rating, implying roughly a 24% upside from the current share price.
• Radian beat quarterly EPS estimates ($1.16 vs. $1.11) with revenue roughly in line, and trades at $34.63 with a P/E of 8.39 while analysts maintain an average price target of $40.20 and a "Moderate Buy" consensus.

Radian Group (NYSE:RDN - Get Free Report) had its price target increased by research analysts at Keefe, Bruyette & Woods from $42.00 to $43.00 in a report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 24.17% from the stock's current price.

RDN has been the subject of a number of other research reports. UBS Group reduced their price target on Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 12th. Zacks Research raised Radian Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Barclays reduced their target price on Radian Group from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday. Roth Mkm reissued a "buy" rating and set a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. Finally, Weiss Ratings cut Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $40.20.

Radian Group Price Performance

NYSE RDN traded up $0.05 during trading hours on Friday, reaching $34.63. The company's stock had a trading volume of 243,283 shares, compared to its average volume of 1,395,354. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.87 and a beta of 0.77. Radian Group has a 1-year low of $29.32 and a 1-year high of $38.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. The company's 50-day moving average is $33.47 and its two-hundred day moving average is $34.37.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.05. The company had revenue of $300.51 million during the quarter, compared to analysts' expectations of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.Radian Group's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, equities analysts predict that Radian Group will post 3.79 EPS for the current year.

Institutional Investors Weigh In On Radian Group

A number of large investors have recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. grew its position in shares of Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 476 shares in the last quarter. Financial Consulate Inc. purchased a new stake in shares of Radian Group in the third quarter valued at approximately $29,000. Bessemer Group Inc. grew its position in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 318 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Radian Group in the fourth quarter valued at approximately $29,000. Finally, Geneos Wealth Management Inc. grew its position 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 valued at $29,000 after purchasing an additional 572 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Radian Group

Radian Group Inc NYSE: RDN is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian's core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.

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