Radian Group (NYSE:RDN) Upgraded at Keefe, Bruyette & Woods

Radian Group (NYSE:RDN) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The brokerage presently has a $42.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 27.25% from the company’s previous close.

A number of other research analysts have also commented on the stock. Roth Mkm restated a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. UBS Group reduced their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.20.

Radian Group Stock Up 0.8%

Shares of NYSE:RDN opened at $33.01 on Wednesday. The firm’s 50 day moving average price is $34.69 and its 200 day moving average price is $34.68. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 8.23 and a beta of 0.81. Radian Group has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24.

Insider Activity at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Summit Global Investments purchased a new position in Radian Group in the 3rd quarter valued at about $1,213,000. Capital Fund Management S.A. acquired a new stake in shares of Radian Group in the 2nd quarter valued at about $3,470,000. Campbell & CO Investment Adviser LLC lifted its position in shares of Radian Group by 187.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider’s stock worth $1,715,000 after purchasing an additional 30,862 shares during the last quarter. Norges Bank bought a new stake in Radian Group in the second quarter valued at about $85,785,000. Finally, Alps Advisors Inc. lifted its holdings in Radian Group by 57.3% during the 3rd quarter. Alps Advisors Inc. now owns 571,588 shares of the insurance provider’s stock worth $20,703,000 after buying an additional 208,181 shares during 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.