Radian Group (NYSE:RDN) Stock Gets Price Target Boost from Barclays

by · The Markets Daily

Radian Group (NYSE:RDN – Get Free Report) had its price target lifted by analysts at Barclays from $35.00 to $36.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s target price suggests a potential upside of 5.51% from the stock’s previous close.

RDN has been the topic of several other research reports. Wall Street Zen raised Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Keefe, Bruyette & Woods decreased their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings raised Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, September 28th. Finally, BTIG Research initiated coverage on Radian Group in a research note on Tuesday, September 22nd. They set a “buy” rating and a $48.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.14.

Read Our Latest Stock Analysis on Radian Group

Radian Group Price Performance

Radian Group stock opened at $34.12 on Monday. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. Radian Group has a 1 year low of $30.53 and a 1 year high of $41.05. The firm has a 50-day moving average of $35.92 and a two-hundred day moving average of $35.85.

Radian Group (NYSE:RDN – Get Free Report) last issued its earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.Radian Group’s revenue was up 92.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, research analysts forecast that Radian Group will post 4.86 earnings per share for the current year.

Insider Activity

In other news, EVP Meghan Bartholomew sold 7,812 shares of Radian Group stock in a transaction on Monday, September 14th. The stock was sold at an average price of $35.94, for a total value of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares in the company, valued at approximately $1,408,955.82. This trade represents a 16.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Radian Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its stake in Radian Group by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock valued at $284,000 after purchasing an additional 747 shares during the last quarter. Tidal Investments LLC raised its holdings in Radian Group by 374.1% in the second quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 26,432 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Radian Group in the second quarter worth about $44,000. NewEdge Advisors LLC lifted its position in shares of Radian Group by 4.4% during the second quarter. NewEdge Advisors LLC now owns 18,428 shares of the insurance provider’s stock valued at $694,000 after buying an additional 776 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Radian Group by 109.3% during the second quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after buying an additional 351 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Radian Group Company Profile

(Get Free Report)

Radian Group Inc (NYSE: RDN) is a financial services company focused on supporting homeownership and the U.S. residential real estate market. Its principal business is mortgage insurance, which helps protect lenders and investors against losses when borrowers default on certain residential mortgage loans. Through its mortgage insurance operations, Radian serves mortgage lenders, banks, credit unions and other housing-finance participants.

The company also provides services and technology intended to support the mortgage and homeownership lifecycle.

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