Radian Group Inc. (RDN)

23.58
NYSE : Finance
Prev Close 23.36
Day Low/High 23.35 / 23.66
52 Wk Low/High 14.78 / 24.62
Avg Volume 1.18M
Exchange NYSE
Shares Outstanding 203.28M
Market Cap 4.75B
EPS 2.80
P/E Ratio 8.20
Div & Yield 0.01 (0.04%)

Some Afternoon Observations

* Thus far, my expectation of an "inside day" has been accurate. SPDR S&P 500 ETF  has traded in a fifty cent range most of the day. * Bonds are at the day's highs. +$0.88. Yield on the 10-year U.S. note is down by 3.5 basis points to 2.32% (where y...

Radian Hits 52-Week High on Prospects for Private Mortgage Insurers

Radian has hit a new 52- week high on continued chatter that the Administration will shrink the role and footprint of the Federal Housing Administration - providing market share opportunities for the private mortgage insurance companies. Here is wha...

More Public Thoughts on Private Mortgage Insurers

"We continue to believe, based on our discussions with various parties in the (Trump administration), that the FHA will not look to expand its footprint in housing finance in the foreseeable future." --Pat Sinks, MGIC CEO (third-quarter conference c...

Some Brief Afternoon Observations

"She said, "My boy, I think someday You'll find a way To make your natural tendencies pay You'll be a dentist..." -- Little Shop of Horrors, The Dentist Song (Steve Martin)  * In a normal backdrop I would observe that this week represents almost cla...

Mortgage Insurers Rally

With both MGIC and Radian rallying smartly , I suspect my information discussed in the Diary on reduced FHA exposure to private mortgage insurance is real and could be imminent . I bought small RDN back this morning -- but, frankly I don't love the ...

Radian Shines

I commented positively on Radian Group and the private mortgage insurers yesterday.   Today RDN is up more than 2.5% Radian remains on my Best Ideas List. I am a $19 buyer.

Trump Plan to Limit FHA Could Boost Radian

I recently sold out the balance of my Radian long as the stock approached my year end target. That said, I am hearing from my Washington DC contacts that the Trump White House may shortly announce a well anticipated plan to limit/reduce the footprin...

Tax Proposal Hits Mortgage Insurers

I have been out of the loop today but I suspect Radian Group   MGIC Investment and the private mortgage insurers are down based on the tax reform proposals that will limit mortgage interest deductability.   I would be a $18 buyer of RDN.  

Dogs, but Not of the Dow

If Jim "El Capitan" Cramer can call his dog Nvidia , I can call Ollie and Bella (my doxies) Hartford and Radian !

Radian Hits Year-End Target Early

Radian has just hit my year end 2017 price target of $21.  My 2018 year end price objective is about $25/share. Radian was placed on my Best Idea List sixteen months ago at $10.00/share.

Cramer: A Ton of Things Are Not Supposed to Be Happening

Cramer: A Ton of Things Are Not Supposed to Be Happening

Homebuilders are going up despite rate increases; utilities, which should get hammered, are also going up.

Radian Radiates

We've hit a 2017 high for Radian Group -- it's a monster. I would be a buyer under $18.50.

MGIC Results Could Give Radian a Boost

For those still long Radian Group , the better-than-expected bottom line recorded by MGIC Investment Corp. (lower-than-anticipated losses) should buoy Radian's shares.

Noteworthy Change at Radian Group

Some previously expected restructuring news reported at Radian Group .

Going Shorter Financials

Please note that iShares Barclays 20+ Year Treasury Bond ETF  is now at the high of the day (+$0.52). The reversal in money center banks shares has been conspicuous. (Citigroup is -$4 from its premarket high). The 10-year US note yield, as expected,...

My Takeaways and Observations (Early Afternoon Edition)

"Gotta love those economists."    "Low probability events do happen!"    Why I shorted JPMorgan and Citigroup  post EPS releases.  And why I believe the stocks reversed lower -- think loan losses.    Pivotal Research on Facebook.    Peter Boockvar o...

Reducing Radian to Zero

As Radian has begun to approach my $20-$21 year-end price target, I have been reducing the size of this position.  Trading at a multimonth high now (over $19) -- and given my market concerns -- I am eliminating the position.  For those who are more ...

Shrinking 2 More Positions

As previously mentioned, I have sold the balance of my Twitter .  I have further reduced the size of my Radian Group and Allergan longs.

More Trades as I Reduce Gross Exposure

I have moved from large to medium sized in my Radian long and I have taken my consumer packaged goods shorts down from medium sized to small sized.   These moves in no way change my view on these equities all of which remain on my Best Ideas List - ...

My Takeaways and Observations (Early Afternoon Edition)

"Why make trillions when we can make billions?" -- Dr. Evil I started the day with a multi-part series, "Sell FANG."  Here, here and here.  A Bull Market in Complacency -- why volatility is low and corrections are non existent.   Auction Action.   N...

Todays' Trades

Here are today's trades thus far: I reduced my Allergan long from large to medium sized at $209.73. I added to ProShares UltraShort S&P500 ETF  and ProShares Trust UltraPro Short QQQ ETF longs at $47.16 and $27.50, respectively. I added to my Radian...

Still Feeling Good About Radian

I have been adding recently to my long Radian Group position (now large in size) as the share price has declined coincident with the recent hurricanes and what I believe to be unjustified investor concerns that losses would be rising from the awful ...

Here's Where I'm Going Longer

At $27.06 I have moved back to a large ProShares UltraPro Short QQQ holding.   I have added to my Wells Fargo , Radian Group and Allergan longs in the early going.    

Yesterday's Trades

Since I was out for several hours yesterday afternoon I wanted to summarize yesterday's trades that were executed (and some that weren't): * I added to my large Well Fargo investment at $51.34. I plan to buy more in the days ahead. * I reestablished...

Lay of the Land

I consistently have used bonds, as reflected in iShares 20+ Year Treasury Bond ETF , as a market tell. Today TLT is up a dollar. The 10-year U.S. note yield is five basis points lower to close to 2.10% and the 2s/10s spread has flattened to a new ye...

My Takeaways and Observations

"I wanted a perfect ending. Now I've learned, the hard way, that some poems don't rhyme, and some stories don't have a clear beginning, middle, and end. Life is about not knowing, having to change, taking the moment and making the best of it, withou...

3 Longs to Which I'm Steadily Adding

Speaking of fearlessly embracing volatility in an unemotional way, as I articulate in the opener below, I steadily have been buying Twitter , Radian Group and Dillard's on weakness.   All three fared well on a relative and absolute basis yesterday, ...

Buying More Radian

I'm putting my money where my pen is and buying more Radian Group . Long run.

Today's Trades

I sold my ProShares Trust UltraPro Short QQQ ETF long and covered my iShares Russell 2000 ETF short -- trying to work with fewer names and to consolidate my short index positions -- for profits.   I added to the following longs: Radian , Campbell So...

Radian is Cheap

Radian has gotten too cheap I just added at $16.50 Large sized! Linden large