Radian Group (NYSE:RDN) PT Raised to $33.00 at Barclays

Radian Group (NYSE:RDN) had its price objective lifted by investment analysts at Barclays from $32.00 to $33.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s target price would suggest a potential downside of 4.29% from the company’s current price.

RDN has been the topic of a number of other research reports. Roth Mkm upped their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada increased their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.10.

Radian Group Stock Up 1.1 %

Shares of RDN stock traded up $0.37 on Tuesday, reaching $34.48. 181,261 shares of the company were exchanged, compared to its average volume of 1,027,326. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.89 and a beta of 1.05. The company has a 50-day moving average of $34.97 and a 200-day moving average of $32.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. Radian Group has a one year low of $24.62 and a one year high of $37.86.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. The company had revenue of $312.37 million for the quarter, compared to analyst estimates of $324.00 million. Analysts anticipate that Radian Group will post 3.75 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. Insiders have sold a total of 119,772 shares of company stock worth $4,260,796 in the last 90 days. 2.16% of the stock is owned by company insiders.

Institutional Trading of Radian Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caxton Associates LP increased its holdings in Radian Group by 208.3% during the fourth quarter. Caxton Associates LP now owns 137,114 shares of the insurance provider’s stock valued at $3,915,000 after buying an additional 92,641 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Radian Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after purchasing an additional 69,383 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Radian Group in the first quarter worth $852,000. Leuthold Group LLC purchased a new stake in shares of Radian Group in the first quarter worth $3,242,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Radian Group in the first quarter worth $1,442,000. 95.33% of the stock is 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.