RDN

Keefe, Bruyette & Woods Upgrades Radian Group (RDN)

Fintel reports that on June 3, 2024, Keefe, Bruyette & Woods upgraded their outlook for Radian Group (NYSE:RDN) from Market Perform to Outperform.

Analyst Price Forecast Suggests 3.92% Upside

As of June 2, 2024, the average one-year price target for Radian Group is 33.15. The forecasts range from a low of 30.30 to a high of $36.75. The average price target represents an increase of 3.92% from its latest reported closing price of 31.90.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Radian Group is 986MM, a decrease of 21.12%. The projected annual non-GAAP EPS is 3.17.

What is the Fund Sentiment?

There are 741 funds or institutions reporting positions in Radian Group. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to RDN is 0.24%, an increase of 2.35%. Total shares owned by institutions decreased in the last three months by 2.03% to 167,369K shares. RDN / Radian Group Inc. Put/Call Ratios The put/call ratio of RDN is 0.62, indicating a bullish outlook.

What are Other Shareholders Doing?

RDN / Radian Group Inc. Shares Held by Institutions

Jpmorgan Chase holds 8,958K shares representing 5.95% ownership of the company. In its prior filing, the firm reported owning 9,343K shares , representing a decrease of 4.30%. The firm decreased its portfolio allocation in RDN by 88.98% over the last quarter.

First Trust Advisors holds 7,952K shares representing 5.28% ownership of the company. In its prior filing, the firm reported owning 1,193K shares , representing an increase of 85.00%. The firm increased its portfolio allocation in RDN by 626.13% over the last quarter.

Lsv Asset Management holds 6,864K shares representing 4.56% ownership of the company. In its prior filing, the firm reported owning 6,811K shares , representing an increase of 0.76%. The firm increased its portfolio allocation in RDN by 12.02% over the last quarter.

RDVY - First Trust Rising Dividend Achievers ETF holds 6,417K shares representing 4.26% ownership of the company.

Charles Schwab Investment Management holds 5,652K shares representing 3.75% ownership of the company. In its prior filing, the firm reported owning 3,960K shares , representing an increase of 29.93%. The firm increased its portfolio allocation in RDN by 36.37% over the last quarter.

Radian Group Background Information
(This description is provided by the company.)

Radian Group Inc. is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. The Company is powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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