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

Amalgamated Bank cut its position in Radian Group Inc. (NYSE:RDN) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 44,251 shares of the insurance provider’s stock after selling 1,869 shares during the period. Amalgamated Bank’s holdings in Radian Group were worth $1,535,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in 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 buying an additional 339 shares during the last quarter. Forum Financial Management LP purchased a new position in Radian Group in the third quarter worth about $201,000. Van ECK Associates Corp raised its holdings in 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 buying an additional 24,880 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake 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 acquiring an additional 589 shares during the period. Finally, Farther Finance Advisors LLC grew its stake 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 acquiring an additional 12,282 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RDN. Royal Bank of Canada lifted their price target on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Roth Mkm lifted their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays lifted their price target on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.10.

Radian Group Stock Performance

RDN opened at $34.60 on Wednesday. The firm has a market cap of $5.20 billion, a P/E ratio of 8.96, a PEG ratio of 1.71 and a beta of 1.04. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86. The company has a 50 day simple moving average of $34.54 and a two-hundred day simple moving average of $33.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.45 and a quick ratio of 1.84.

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

Insider Transactions at Radian Group

In other news, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Robert Quigley sold 7,500 shares of the business’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 transaction, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were 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. Over the last quarter, insiders have sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is currently owned by corporate insiders.

Radian Group 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.