Amalgamated Bank Decreases Stock Holdings in Radian Group Inc. (NYSE:RDN)

Amalgamated Bank decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 4.1% during the third quarter, HoldingsChannel reports. The fund owned 44,251 shares of the insurance provider’s stock after selling 1,869 shares during the quarter. Amalgamated Bank’s holdings in Radian Group were worth $1,535,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. grew its holdings in shares of Radian Group by 1.1% in the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Radian Group in the third quarter worth about $201,000. Van ECK Associates Corp grew its holdings in shares of Radian Group by 40.0% in the third quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider’s stock worth $2,986,000 after purchasing an additional 24,880 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider’s stock worth $1,585,000 after purchasing an additional 589 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Radian Group by 1,767.2% in the third quarter. Farther Finance Advisors LLC now owns 12,977 shares of the insurance provider’s stock worth $450,000 after purchasing an additional 12,282 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

RDN stock opened at $34.60 on Wednesday. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.71 and a beta of 1.04. The firm has a 50-day simple moving average of $34.54 and a two-hundred day simple moving average of $33.36. Radian Group Inc. has a one year low of $24.92 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.84 and a current ratio of 0.45.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. The business had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, equities analysts forecast that Radian Group Inc. will post 4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RDN shares. Roth Mkm upped their price target 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. Royal Bank of Canada increased their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Barclays increased their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Radian Group presently has an average rating of “Hold” and an average price target of $36.10.

Insider Buying and Selling at Radian Group

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the sale, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 48,392 shares in the company, valued at approximately $1,725,174.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is currently owned by insiders.

About Radian Group

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.