Notable Ownership Action: Is Radian Group Inc (NYSE:RDN) Going to Burn These Institutional Investors?

December 1, 2016 - By kentuckypostne   ·   0 Comments

Notable Ownership Action: Is Radian Group Inc (NYSE:RDN) Going to Burn These Institutional Investors?

Sentiment for Radian Group Inc (NYSE:RDN)

Radian Group Inc (NYSE:RDN) institutional sentiment increased to 1.53 in 2016 Q2. Its up 0.04, from 1.49 in 2016Q1. The ratio has increased, as 115 funds increased or opened new equity positions, while 77 sold and reduced positions in Radian Group Inc. The funds in our partner’s database now possess: 195.94 million shares, down from 198.59 million shares in 2016Q1. Also, the number of funds holding Radian Group Inc in their top 10 equity positions increased from 5 to 7 for an increase of 2. Sold All: 22 Reduced: 55 Increased: 84 New Position: 31.

Radian Group Inc. is a holding company that provides mortgage insurance, and services and products to the real estate and mortgage finance industries. The company has a market cap of $3.18 billion. The Firm operates in two divisions: Mortgage Insurance and Services. It has a 10.79 P/E ratio. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

About 1.79 million shares traded hands. Radian Group Inc (NYSE:RDN) has risen 12.09% since April 28, 2016 and is uptrending. It has outperformed by 6.16% the S&P500.

Analysts await Radian Group Inc (NYSE:RDN) to report earnings on January, 26. They expect $0.40 EPS, up 17.65% or $0.06 from last year’s $0.34 per share. RDN’s profit will be $85.37 million for 9.31 P/E if the $0.40 EPS becomes a reality. After $0.41 actual EPS reported by Radian Group Inc for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

According to Zacks Investment Research, “Radian Group Inc. is the parent company of Radian Guaranty Inc. The company provides private mortgage insurance and risk management services to mortgage lenders nationwide; these services increase homeownership opportunities by helping people to buy homes with down payments of less than 20 percent. Private mortgage insurance protects lenders from default-related losses on residential first mortgages and facilitates the sale of low-down-payment mortgage loans in the secondary market. (PRESS RELEASE)”

Capital Returns Management Llc holds 9.84% of its portfolio in Radian Group Inc for 1.69 million shares. Parus Finance (Uk) Ltd owns 2.77 million shares or 5.54% of their US portfolio. Moreover, Andalusian Capital Partners Lp has 4.82% invested in the company for 209,809 shares. The Colorado-based Bruni J V & Co Co has invested 4.54% in the stock. Westport Asset Management Inc, a Connecticut-based fund reported 380,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 sales for $205,970 net activity.

Radian Group Inc (NYSE:RDN) Ratings Coverage

Ratings analysis reveals 57% of Radian Group’s analysts are positive. Out of 7 Wall Street analysts rating Radian Group, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $14 while the high is $21. The stock’s average target of $17.06 is 14.50% above today’s ($14.9) share price. RDN was included in 19 notes of analysts from August 31, 2015. The rating was upgraded by FBR Capital to “Outperform” on Thursday, June 30. FBR Capital maintained Radian Group Inc (NYSE:RDN) rating on Friday, July 29. FBR Capital has “Outperform” rating and $16 price target. Compass Point maintained Radian Group Inc (NYSE:RDN) on Wednesday, October 28 with “Buy” rating. The stock of Radian Group Inc (NYSE:RDN) has “Market Perform” rating given on Friday, October 2 by Wells Fargo. The firm has “Neutral” rating by Credit Suisse given on Monday, May 2. The rating was maintained by Compass Point on Friday, January 29 with “Buy”. The firm earned “Neutral” rating on Wednesday, January 20 by Macquarie Research. The rating was maintained by Macquarie Research on Wednesday, October 28 with “Outperform”. On Monday, November 2 the stock rating was maintained by FBR Capital with “Mkt Perform”. The stock of Radian Group Inc (NYSE:RDN) earned “Buy” rating by Bank of America on Monday, October 17.

RDN Company Profile

Radian Group Inc., incorporated on December 6, 1991, is a holding firm that provides mortgage insurance, and services and products to the real estate and mortgage finance industries. The Firm operates in two business divisions: Mortgage Insurance and Services. The Company’s clients include mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.

More recent Radian Group Inc (NYSE:RDN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: AmerisourceBergen, Radian Group and Symantec” on November 15, 2016. Also Reuters.com published the news titled: “BRIEF-Radian Group Inc says providing certain terms for potential future r…” on November 18, 2016. Nasdaq.com‘s news article titled: “Radian Group Inc. (RDN) Ex-Dividend Date Scheduled for November 17, 2016” with publication date: November 16, 2016 was also an interesting one.

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