Radian Group (NYSE:RDN) PT Raised to $31.50

Radian Group (NYSE:RDN) had its target price lifted by analysts at UBS Group from $30.00 to $31.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s price target indicates a potential upside of 1.97% from the company’s previous close.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $35.00 price objective (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average target price of $30.88.

Radian Group Price Performance

Shares of Radian Group stock opened at $30.89 on Wednesday. The stock has a 50 day moving average price of $31.25 and a 200-day moving average price of $29.08. Radian Group has a one year low of $24.34 and a one year high of $33.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The company had revenue of $319.42 million during the quarter, compared to analysts’ expectations of $314.76 million. During the same quarter in the previous year, the business earned $0.98 EPS. Radian Group’s revenue was up 3.1% compared to the same quarter last year. Equities analysts expect that Radian Group will post 3.52 EPS for the current year.

Institutional Investors Weigh In On Radian Group

Several hedge funds have recently made changes to their positions in the company. EMC Capital Management lifted its holdings in shares of Radian Group by 27.1% in the 1st quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $616,000 after buying an additional 3,921 shares during the period. Tidal Investments LLC lifted its holdings in shares of Radian Group by 5.2% in the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock worth $319,000 after buying an additional 474 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Radian Group in the 1st quarter worth $105,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Radian Group by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,282 shares of the insurance provider’s stock worth $3,893,000 after buying an additional 5,195 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Radian Group by 4.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 154,072 shares of the insurance provider’s stock worth $5,157,000 after acquiring an additional 6,793 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.