Radian Group Inc (RDN) : Sadoff Investment Management scooped up 29,300 additional shares in Radian Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 936,310 shares of Radian Group Inc which is valued at $12,349,929.Radian Group Inc makes up approximately 1.37% of Sadoff Investment Management’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in RDN during the most recent quarter. The investment firm sold 5,113 shares of RDN which is valued $67,440.Bnp Paribas Arbitrage Sa reduced its stake in RDN by selling 131,009 shares or 85.23% in the most recent quarter. The Hedge Fund company now holds 22,705 shares of RDN which is valued at $305,609.New England Research Management reduced its stake in RDN by selling 4,000 shares or 17.13% in the most recent quarter. The Hedge Fund company now holds 19,350 shares of RDN which is valued at $260,451. Radian Group Inc makes up approx 0.22% of New England Research Management’s portfolio.
Radian Group Inc closed down -0.08 points or -0.60% at $13.19 with 13,31,043 shares getting traded on Friday. Post opening the session at $13.3, the shares hit an intraday low of $13.07 and an intraday high of $13.33 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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.