Radian Group Inc. (NYSE:RDN) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in Radian Group Inc. (NYSE:RDN) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,771 shares of the insurance provider’s stock after selling 480 shares during the quarter. Amalgamated Bank’s holdings in Radian Group were worth $1,388,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC grew its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 528 shares during the last quarter. KBC Group NV increased its position in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares in the last quarter. Forum Financial Management LP acquired a new position in Radian Group in the 3rd quarter valued at about $201,000. Finally, Quadrature Capital Ltd purchased a new position in Radian Group in the 3rd quarter valued at about $237,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Up 0.4 %

Shares of RDN opened at $33.04 on Tuesday. Radian Group Inc. has a fifty-two week low of $28.98 and a fifty-two week high of $37.86. The company’s fifty day moving average is $32.65 and its two-hundred day moving average is $33.90. The firm has a market cap of $4.79 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.255 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Monday, February 24th. Radian Group’s payout ratio is currently 25.95%.

Analyst Ratings Changes

A number of brokerages have recently commented on RDN. UBS Group boosted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and an average target price of $36.80.

Insider Transactions at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.16% of the company’s stock.

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.