Andalusian Capital Partners Lp adds Radian Group Inc (RDN) to its portfolio

Radian Group Inc (RDN) : Andalusian Capital Partners Lp added new position in Radian Group Inc during the most recent quarter end. The investment management firm now holds 406,190 shares of Radian Group Inc which is valued at $4.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Radian Group Inc makes up approximately 7.70% of Andalusian Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in RDN by selling 3,797,906 shares or 99.24% in the most recent quarter. The Hedge Fund company now holds 29,180 shares of RDN which is valued at $344,616.Ubs Asset Management Americas Inc reduced its stake in RDN by selling 17,748 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 151,243 shares of RDN which is valued at $1.8 Million.Blackrock Group Ltd boosted its stake in RDN in the latest quarter, The investment management firm added 27,019 additional shares and now holds a total of 123,244 shares of Radian Group Inc which is valued at $1.5 Million.Teachers Advisors Inc boosted its stake in RDN in the latest quarter, The investment management firm added 941,411 additional shares and now holds a total of 1,426,969 shares of Radian Group Inc which is valued at $17.4 Million. Radian Group Inc makes up approx 0.03% of Teachers Advisors Inc’s portfolio. Checchi Capital Advisers added RDN to its portfolio by purchasing 2,166 company shares during the most recent quarter which is valued at $26,404. Radian Group Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

Radian Group Inc opened for trading at $12.21 and hit $12.365 on the upside on Wednesday, eventually ending the session at $12.32, with a gain of 0.90% or 0.11 points. The heightened volatility saw the trading volume jump to 19,57,928 shares. Company has a market cap of $2,640 M.

On the company’s financial health, Radian Group Inc reported $0.37 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.37. The company had revenue of $312.90 million for the quarter, compared to analysts expectations of $286.58 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Radian Group Inc. Company shares were Reiterated by Compass Point on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 16.50 from a previous price target of $14 .Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Deutsche Bank Initiated Radian Group Inc on Apr 5, 2016 to “Buy”, Price Target of the shares are set at $16.

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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