Radian Group Inc. (NYSE:RDN) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Radian Group Inc. (NYSE:RDN) by 17.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,962 shares of the insurance provider’s stock after purchasing an additional 5,109 shares during the period. Teacher Retirement System of Texas’ holdings in Radian Group were worth $1,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Radian Group by 61.5% in 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 period. Smartleaf Asset Management LLC grew its position in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 2,119 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 528 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now owns 344 shares of the company’s stock, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Radian Group Price Performance

NYSE RDN opened at $32.83 on Friday. The company has a 50-day moving average price of $32.70 and a two-hundred day moving average price of $33.44. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate 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 EPS for the current year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a dividend of $0.255 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s payout ratio is currently 25.95%.

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.