Radian GroupRDN
Market Cap: $5.26B
About: Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.
Employees: 1,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $10.2M
8% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 38
1% more funds holding
Funds holding: 313 [Q1] → 316 (+3) [Q2]
0.94% less ownership
Funds ownership: 95.38% [Q1] → 94.44% (-0.94%) [Q2]
9% less capital invested
Capital invested by funds: $4.83B [Q1] → $4.42B (-$412M) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 122
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 12%upside $39 | Outperform Maintained | 5 Aug 2024 |
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target | 6%upside $37 | Sector Perform Maintained | 2 Aug 2024 |
Roth MKM Harry Fong 96% 1-year accuracy 22 / 23 met price target | 14%upside $40 | Buy Maintained | 2 Aug 2024 |
Barclays Mark Devries 76% 1-year accuracy 22 / 29 met price target | 8%downside $32 | Equal-Weight Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 6 articles about RDN published over the past 30 days