Bank of Montreal Can Sells 1,731 Shares of Radian Group Inc. (NYSE:RDN)

Bank of Montreal Can decreased its position in Radian Group Inc. (NYSE:RDN) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,653 shares of the insurance provider’s stock after selling 1,731 shares during the period. Bank of Montreal Can’s holdings in Radian Group were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RDN. Public Sector Pension Investment Board increased its stake in Radian Group by 5.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock valued at $10,305,000 after purchasing an additional 17,367 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Radian Group by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after acquiring an additional 25,862 shares during the period. EMG Holdings L.P. bought a new position in Radian Group during the second quarter worth about $2,347,000. XTX Topco Ltd purchased a new position in Radian Group in the 2nd quarter valued at approximately $410,000. Finally, First Eagle Investment Management LLC increased its position in shares of Radian Group by 6.7% during the second quarter. First Eagle Investment Management LLC now owns 472,973 shares of the insurance provider’s stock valued at $14,709,000 after buying an additional 29,500 shares during the period. Institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RDN. Barclays upped their price target on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Roth Mkm increased their target price 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average target price of $36.10.

Radian Group Price Performance

Shares of NYSE:RDN opened at $34.30 on Wednesday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 1.89 and a beta of 1.05. The firm has a fifty day moving average price of $34.92 and a 200 day moving average price of $32.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. Radian Group Inc. has a fifty-two week low of $24.62 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The company had revenue of $312.37 million for the quarter, compared to analyst estimates of $324.00 million. As a group, sell-side analysts expect that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s payout ratio is 25.93%.

Insider Buying and Selling at Radian Group

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,772 shares of company stock valued at $4,260,796. Company insiders own 2.16% of the company’s stock.

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.