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

Amalgamated Bank lowered its position in shares of Radian Group Inc. (NYSE:RDN) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,120 shares of the insurance provider’s stock after selling 1,858 shares during the period. Amalgamated Bank’s holdings in Radian Group were worth $1,434,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in shares of Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Radian Group by 75.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after buying an additional 709 shares during the period. CWM LLC grew its position in shares of Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after buying an additional 1,679 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Radian Group in the 1st quarter worth approximately $105,000. Finally, Covestor Ltd increased its stake in shares of Radian Group by 69.2% during the first quarter. Covestor Ltd now owns 3,646 shares of the insurance provider’s stock valued at $122,000 after buying an additional 1,491 shares during the period. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Up 0.3 %

Shares of Radian Group stock opened at $34.66 on Friday. Radian Group Inc. has a 1 year low of $24.56 and a 1 year high of $37.86. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.89 and a beta of 1.05. The company has a 50-day moving average of $35.17 and a 200 day moving average of $32.66. 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 (NYSE:RDN) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, beating 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 business had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s dividend payout ratio (DPR) is 25.93%.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the sale, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,772 shares of company stock valued at $4,260,796. Insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

RDN has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Roth Mkm lifted their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods increased their price target on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada lifted their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.90.

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.