UBS Group Has Lowered Expectations for Radian Group (NYSE:RDN) Stock Price

Radian Group (NYSE:RDN) had its price target dropped by analysts at UBS Group from $41.00 to $39.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS Group’s price target would indicate a potential upside of 17.94% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. 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. Roth Mkm reaffirmed a “buy” rating and set a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Finally, Barclays set a $40.00 target price on Radian Group in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.45 on Thursday, hitting $33.07. The company had a trading volume of 1,623,425 shares, compared to its average volume of 1,340,252. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 1.78 and a beta of 0.80. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $33.80 and a 200 day moving average price of $34.65. Radian Group has a 1-year low of $29.32 and a 1-year high of $38.84.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The company had revenue of $300.51 million during the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. Analysts expect that Radian Group will post 3.79 EPS for the current year.

Institutional Investors Weigh In On Radian Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in 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 acquiring an additional 476 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Radian Group in the 4th quarter valued at approximately $29,000. Bessemer Group Inc. lifted its stake in shares of Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 318 shares during the period. Financial Consulate Inc. acquired a new position in Radian Group during the third quarter worth about $29,000. Finally, 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 valued at $29,000 after buying an additional 572 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 (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.