Radian Group Inc (RDN) : Parus Finance (uk) Ltd reduced its stake in Radian Group Inc by 16.59% during the most recent quarter end. The investment management company now holds a total of 2,767,979 shares of Radian Group Inc which is valued at $35,983,727 after selling 550,470 shares in Radian Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Radian Group Inc makes up approximately 6.27% of Parus Finance (uk) Ltd’s portfolio.
Other Hedge Funds, Including , Tlp Group reduced its stake in RDN by selling 9,600 shares or 20.12% in the most recent quarter. The Hedge Fund company now holds 38,111 shares of RDN which is valued at $495,443. Radian Group Inc makes up approx 0.30% of Tlp Group’s portfolio.Swiss National Bank reduced its stake in RDN by selling 11,200 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 328,050 shares of RDN which is valued at $4,176,077. Radian Group Inc makes up approx 0.01% of Swiss National Bank’s portfolio.California State Teachers Retirement System boosted its stake in RDN in the latest quarter, The investment management firm added 67,238 additional shares and now holds a total of 452,298 shares of Radian Group Inc which is valued at $5,757,754. Radian Group Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in RDN by selling 35,289 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 1,113,893 shares of RDN which is valued at $13,065,965. Radian Group Inc makes up approx 0.78% of Dalton Greiner Hartman Maher Co’s portfolio.
Radian Group Inc closed down -0.08 points or -0.60% at $13.33 with 26,80,091 shares getting traded on Wednesday. Post opening the session at $13.37, the shares hit an intraday low of $13.17 and an intraday high of $13.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Radian Group Inc reported $0.38 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.38.Analysts expectations of $ 295.26.During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Radian Group Inc. Company shares were Reiterated by FBR Capital on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Radian Group Inc was Upgraded by FBR Capital to ” Outperform” on Jun 30, 2016.
Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage principally through private mortgage insurance to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators such as mortgage bankers mortgage brokers commercial banks savings institutions credit unions and community banks.