Radian Group Inc. (RDN)

NYSE : Finance
Prev Close 25.08
Day Low/High 25.00 / 25.28
52 Wk Low/High 17.41 / 26.32
Avg Volume 1.01M
Exchange NYSE
Shares Outstanding 201.15M
Market Cap 4.96B
EPS 2.80
P/E Ratio 8.28
Div & Yield 0.01 (0.04%)

My Latest Additions

I am adding to JPMorgan Chase (JPM), Radian (RDN) and Potash (POT) this morning.

Today's Trades (Part One)

I shorted SPDR S&P 500 ETF (SPY), iShares Russell 2000 (IWM) and PowerShares QQQ Trust, Ser 1 (QQQ) on the ramp. I added to Potash (POT) and Radian (RDN) longs.

Adding to Radian

I have added small to Radian (RDN), and I am undertaking a scale to buy on lower prices.

Radian Rises on FHFA News

There was positive news from the Federal Housing Finance Agency for private mortgage insurers (PMI) after Friday's close. These announcements remove a level of regulatory uncertainty that has been overhanging the industry for some time. Importantly,...

Moving Back to Market Neutral

With futures down by more than 29 handles I am making some moves. This morning I added to RDN and C longs. I am covering the balance of my IBB short ($340.92) and taking in some of my ETF hedges in as well, including SPY at $205.54 and QQQ at $106.0...

From The Street of Dreams

BTIG has initiated Radian (RDN) with a $22 price target this morning. I added to RDN yesterday and the stock remains of my Best Ideas list.

A Portfolio Update

I made no changes to my portfolio Friday. I am cautious on the market's outlook, as I believe the market has climaxed and is in a topping process; I remain net short stocks and bonds. As I wrote last week on stocks and bonds, I am at the polar oppos...

Mr. Market Is Happy; I Remain Bearish

"It might seem crazy what I'm about to say Sunshine she's here, you can take a break I'm a hot air balloon that could go to space With the air, like I don't care baby by the way." -- Pharell Williams, Happy Like the Pharell Williams song, Mr. Market...

Raising Radian's Outlook

After reviewing Radian's (RDN) most recent quarter (which included a somewhat higher mortgage insurance loss ratio) I am raising my 12-month price target up to $20/share. I expect lower mortgage insurance losses over the next two years as legacy por...

Portfolio Update

I start the day net short, at the highest level in several weeks. I am short SPY, QQQ and IWM (having added yesterday to the first two) in the world of ETFS and MSFT, CAT and selected financials (life insurance). On the long side, by far my dominant...

Housing Bubble

I recently discussed the modest impact the FHA premium reduction for mortgage insurance will have on Radian (RDN). Today Mark Hanson discusses this further: who it benefits, who it hurts. Apropos to my negative comments (vs. Bret Jensen) just put up...

Thoughts on Radian

Looking overdone on unrealistic expectations. The negative reaction to the shares of Radian and the other private mortgage insurers seems overdone following a report that the president will announce a 50-basis-point drop in  FHA mortgage premium rat...

Radian Lower

I'd buy under $15. Radian (RDN) is trading down by nearly $1 after the FHA cuts mortgage insurance premiums. I have been steadily reducing the size of my investment in RDN. I would be a buyer under $15. Radian remains on my Best Ideas list.

Radian Jumps Premarket

On sale of Radian Asset Assurance. Radian (RDN) has agreed to sell its financial guarantee business (Radian Asset Assurance), to Assured Guaranty., a subsidiary of Assured Guaranty (AGO), for a purchase price of about $810 million.  Radian's shares ...

Taking Off Some Longs

In Potash (POT) and Radian Group (RDN). I am taking off some POT and RDN longs (though offering at slightly higher prices), but maintaining the stocks on my Best Ideas list.

Not Buying the Dip

I am not buying this dip. Rather, I have raised my net short exposure today. I have further reduced Best Ideas (Citigroup (C), Radian (RDN) and Potash (POT)) and I have added some more ETF shorts. I also added to my trading rentals in the energy spa...

Transparency, Part Deux

Adding and subtracting. Over the last two days I added the same amount to my energy longs that I sold with partials in Citigroup (C), Radian (RDN) and Potash (POT) longs. 

What I've Been Doing Today

Shorts and longs. Today, I added small to my Index shorts and to Apple (AAPL). I peeled off some of my longs: Citigroup (C), Potash (POT) and Radian Group (RDN). I added to all 14 closed-end municipal bond funds. And I took some small "shots" in lar...

Taking Off Some Longs

Still housekeeping. Reducing some of my gross long exposure by taking off some of my longs: Citigroup (C) $54.01, Devon (DVN) $64.75 and Radian (RDN) $16.96 .

Stick With the Price Action

It's the only way to deal with this market.

Radian Beat

Huge beat at Radian (RDN). The shares should gap higher today.

Offering More Radian

Doing little, though. I'm offering some more Radian (RDN) above the market now. Doing little, though.

Radian is Breaking out

Radian (RDN), a beneficiary of the rate backdrop, is breaking out now. Radian is following the homebuilders' strength but it has never had the dramatic declines in share price. A mortgage insurance play is preferable to merchant builders, in my view...

Sell Any Strength

Sell Any Strength

Err on the side of conservatism.

Sell Strength

Err on the side of conservatism. "My theme for the balance of this year is to err on the side of conservatism. The market is extended and the divergences I have focused on since early August are growing more conspicuous. The weakness in the eurozone...

Batten Down the Hatches

I am getting my gross long exposure down further. Looks like my morning view of a failing rally could be accurate. I continue to raise my short exposure by selling a portion of some core investment longs, including Radian Group (RDN), Monitise (MONI...

Trading Around Core Positions

Based on my assessment of reward vs. risk, Reflecting the degree of confidence I hold in my ursine market view, I am trading around (and taking some profits and losses) on some of my core positions. This decision is based on my assessment of reward ...

From the Street of Dreams

Good news for Radian. This morning Compass Point has a $20-per-share price target for Radian (RDN) -- a stock that's on my Best Ideas list.

Findings Gems in 13-Fs

Findings Gems in 13-Fs

It's like having Wall Street's best as your own research department.

Radian Update

The shares have gained the interest of Senator Investment, and I am a buyer at $14. Event-driven hedge fund Senator Investment has taken a 6.2% (passive) position in Radian (RDN). While I have slightly reduced my price objective for this name (owing...