Teacher Retirement System of Texas Buys 2,031 Shares of Radian Group Inc. $RDN

Teacher Retirement System of Texas raised its stake in Radian Group Inc. (NYSE:RDN) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,563 shares of the insurance provider’s stock after acquiring an additional 2,031 shares during the quarter. Teacher Retirement System of Texas’ holdings in Radian Group were worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,340,962 shares of the insurance provider’s stock valued at $209,696,000 after buying an additional 246,799 shares during the last quarter. American Century Companies Inc. raised its holdings in Radian Group by 9.2% in the 1st quarter. American Century Companies Inc. now owns 3,658,250 shares of the insurance provider’s stock valued at $120,978,000 after buying an additional 306,889 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Radian Group in the 2nd quarter valued at approximately $69,714,000. Ameriprise Financial Inc. increased its position in Radian Group by 5.3% in the 1st quarter. Ameriprise Financial Inc. now owns 1,569,410 shares of the insurance provider’s stock valued at $51,902,000 after acquiring an additional 79,159 shares during the period. Finally, Jane Street Group LLC increased its position in Radian Group by 11,446.4% in the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock valued at $43,339,000 after acquiring an additional 1,299,167 shares during the period. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on RDN shares. UBS Group decreased their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Barclays upped their price target on shares of Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.00.

Insider Activity at Radian Group

In other news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the sale, the executive vice president owned 153,708 shares of the company’s stock, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.01% of the stock is currently owned by company insiders.

Radian Group Stock Up 0.5%

Radian Group stock opened at $34.26 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84. The firm has a 50 day moving average price of $34.77 and a two-hundred day moving average price of $34.31. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 8.63 and a beta of 0.73.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Tuesday, November 4th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.20. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The firm had revenue of $303.19 million during the quarter, compared to analyst estimates of $308.77 million. During the same quarter last year, the business earned $1.03 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is 25.69%.

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.