In this article, we discuss the 5 best stocks to buy according to billionaire Brian Higgins. If you want to skip our detailed analysis of Higgins’ history, and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Brian Higgins.
5. Radian Group Inc. (NYSE: RDN)
Higgins’ Stake Value: $76,144,000
Percentage of Brian Higgins’ 13F Portfolio: 5.69%
Number of Hedge Fund Holders: 30
Radian Group Inc. (NYSE: RDN), with its subsidiaries, engages in lease, asset management, and other real estate services in the United States. The company was founded in 1977 and ranks fifth on our list of 10 best stocks to buy according to billionaire Brian Higgins. Radian stock has returned more than 41.62% to investors during the course of the past 12 months.
On June 16, Radian Group Inc. (NYSE: RDN) and Mortgage Cadence announced an expanded integration, which will allow Mortgage Cadence clients an easy approach to Radian’s series of insured and non-insured title and agreement services. On June 10, the company declared the start of title genius by Radian. It will enable Radian consumers to access Radian’s blockchain-qualified online portal that will help them shop directly. The company recently announced its first quarter of 2021 earnings per share of $0.68, beating the market estimates by $0.01. On May 4, Radian Group declared its quarterly dividend of $0.14 per share, which was 12% more than its previous dividend of $0.13.
The hedge fund run by Higgins owns more than 3.2 million shares in the company worth over $76.14 million, representing 5.69% of their investment portfolio. King Street Capital has increased its stake in Radian stock by 19% in the past few months. There were 30 hedge funds in our database that held stakes in Radian Group Inc. (NYSE: RDN) in the first quarter of 2021, compared to 37 funds in the fourth quarter of 2020.