Teacher Retirement System of Texas Sells 29,441 Shares of Radian Group Inc. (NYSE:RDN)

Teacher Retirement System of Texas trimmed its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,683 shares of the insurance provider's stock after selling 29,441 shares during the period. Teacher Retirement System of Texas' holdings in Radian Group were worth $1,989,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Radian Group in the third quarter valued at approximately $255,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Radian Group by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,304 shares of the insurance provider's stock worth $535,000 after acquiring an additional 1,349 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Radian Group by 10.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,243 shares of the insurance provider's stock worth $709,000 after acquiring an additional 2,583 shares during the period. Strs Ohio raised its stake in shares of Radian Group by 11.5% in the third quarter. Strs Ohio now owns 14,600 shares of the insurance provider's stock valued at $366,000 after acquiring an additional 1,500 shares in the last quarter. Finally, TD Asset Management Inc purchased a new position in Radian Group in the third quarter valued at $510,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.00.

Radian Group Stock Down 0.4 %

Shares of RDN traded down $0.14 during midday trading on Friday, reaching $31.58. The stock had a trading volume of 781,113 shares, compared to its average volume of 1,193,707. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.78 and a beta of 1.03. The company's fifty day simple moving average is $31.29 and its two-hundred day simple moving average is $28.95. Radian Group Inc. has a 1-year low of $24.34 and a 1-year high of $33.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.80.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.83 by $0.20. The firm had revenue of $319.42 million for the quarter, compared to analyst estimates of $314.76 million. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. Radian Group's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. Equities research analysts expect that Radian Group Inc. will post 3.52 earnings per share for the current year.

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.