Ellington Management Group adds Radian Group Inc (RDN) to its portfolio

Radian Group Inc (RDN) : Ellington Management Group added new position in Radian Group Inc during the most recent quarter end. The investment management firm now holds 32,600 shares of Radian Group Inc which is valued at $429,668 , the company said in a statement filed on Aug 15, 2016 with the SEC.Radian Group Inc makes up approximately 0.56% of Ellington Management Group’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in RDN by selling 846,560 shares or 51.06% in the most recent quarter. The Hedge Fund company now holds 811,360 shares of RDN which is valued at $10,693,725. Radian Group Inc makes up approx 0.03% of Millennium Management’s portfolio. Piermont Capital Management sold out all of its stake in RDN during the most recent quarter. The investment firm sold 47,960 shares of RDN which is valued $632,113.Fft Wealth Management boosted its stake in RDN in the latest quarter, The investment management firm added 66,292 additional shares and now holds a total of 107,364 shares of Radian Group Inc which is valued at $1,386,069. Radian Group Inc makes up approx 0.53% of Fft Wealth Management’s portfolio.Strs Ohio reduced its stake in RDN by selling 11,500 shares or 38.59% in the most recent quarter. The Hedge Fund company now holds 18,300 shares of RDN which is valued at $225,639.Sadoff Investment Management boosted its stake in RDN in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 907,010 shares of Radian Group Inc which is valued at $10,856,910. Radian Group Inc makes up approx 1.23% of Sadoff Investment Management’s portfolio.

Radian Group Inc opened for trading at $13.78 and hit $13.94 on the upside on Wednesday, eventually ending the session at $13.92, with a gain of 0.65% or 0.09 points. The heightened volatility saw the trading volume jump to 1,603,490 shares. Company has a market cap of $2,984 M.

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 Company’s 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.

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