UBS Group Boosts Radian Group (NYSE:RDN) Price Target to $36.00

Radian Group (NYSE:RDN - Get Free Report) had its target price increased by UBS Group from $34.00 to $36.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the insurance provider's stock. UBS Group's price target points to a potential upside of 6.25% from the stock's current price.

Separately, Keefe, Bruyette & Woods reissued an "outperform" rating and set a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a report on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.80.

Radian Group Stock Up 0.2 %

NYSE:RDN traded up $0.05 during mid-day trading on Monday, hitting $33.88. The stock had a trading volume of 1,056,000 shares, compared to its average volume of 1,211,047. 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 twelve month low of $29.32 and a twelve month high of $37.86. The company has a market capitalization of $4.78 billion, a PE ratio of 8.62, a PEG ratio of 1.73 and a beta of 0.71. The stock has a 50-day simple moving average of $32.05 and a two-hundred day simple moving average of $32.91.

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

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now owns 344 shares of the company's stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.01% of the stock is currently owned by company insiders.

Institutional Trading of Radian Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after buying an additional 485 shares in the last quarter. Covestor Ltd grew its stake in Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 2,119 shares during the last quarter. Hedge funds and other 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.

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