New York State Teachers Retirement System Has $2.12 Million Holdings in Radian Group Inc. (NYSE:RDN)

New York State Teachers Retirement System reduced its position in Radian Group Inc. (NYSE:RDN) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,800 shares of the insurance provider’s stock after selling 341 shares during the period. New York State Teachers Retirement System’s holdings in Radian Group were worth $2,119,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after acquiring an additional 339 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Radian Group by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 364 shares in the last quarter. CX Institutional boosted its stake in shares of Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 451 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of 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 worth $40,000 after acquiring an additional 485 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 528 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Price Performance

Shares of NYSE:RDN opened at $32.44 on Friday. The business has a 50 day moving average price of $32.65 and a 200 day moving average price of $33.94. Radian Group Inc. has a twelve month low of $27.20 and a twelve month high of $37.86. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 8.25, a PEG 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 announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. Research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is currently 24.94%.

Insiders Place Their Bets

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction that occurred 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 owns 171,830 shares in the company, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on RDN shares. Keefe, Bruyette & Woods decreased their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. UBS Group upped their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three equities research 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 has a consensus rating of “Hold” and a consensus target price of $36.80.

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.