Radian Group Inc. (NYSE: RDN) is 11.33% higher on its value in year-to-date trading and has touched a low of $17.83 and a high of $23.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RDN stock was last observed hovering at around $20.84 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $21.23, the stock is -2.55% and -0.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing 1.87% at the moment leaves the stock 3.16% off its SMA200. RDN registered -9.70% loss for a year compared to 6-month gain of 2.81%.
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The stock witnessed a -4.07% loss in the last 1 month and extending the period to 3 months gives it a 14.39%, and is -3.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.64% over the week and 2.86% over the month.
Radian Group Inc. (RDN) has around 1400 employees, a market worth around $3.45B and $1.19B in sales. Current P/E ratio is 4.86 and Fwd P/E is 6.72. Profit margin for the company is 62.40%. Distance from 52-week low is 19.04% and -10.93% from its 52-week high. The company has generated returns on investments over the last 12 months (15.10%).
Radian Group Inc. (RDN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Radian Group Inc. (RDN) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.30, where 6 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Radian Group Inc. is expected to release its quarterly report on 05/02/2023.The EPS is expected to grow by 37.90% this year
Radian Group Inc. (RDN) Top Institutional Holders
The shares outstanding are 158.37M, and float is at 155.65M with Short Float at 2.39%.
Radian Group Inc. (RDN) Insider Activity
A total of 2 insider transactions have happened at Radian Group Inc. (RDN) in the last six months, with sales accounting for 2 and purchases happening 0 times. The most recent transaction is an insider sale by Brummer Derek, the company’s President, Mortgage. SEC filings show that Brummer Derek sold 12,000 shares of the company’s common stock on Mar 06 at a price of $23.17 per share for a total of $0.28 million. Following the sale, the insider now owns 0.17 million shares.
Radian Group Inc. disclosed in a document filed with the SEC on Mar 03 that Brummer Derek (President, Mortgage) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $21.75 per share for $0.54 million. Following the transaction, the insider now directly holds 0.18 million shares of the RDN stock.
Still, SEC filings show that on Feb 28, Brummer Derek (President, Mortgage) disposed off 13,130 shares at an average price of $21.57 for $0.28 million. The insider now directly holds 208,990 shares of Radian Group Inc. (RDN).
Radian Group Inc. (RDN): Who are the competitors?
The company’s main competitors (and peers) include Assured Guaranty Ltd. (AGO) that is trading -13.67% down over the past 12 months and American International Group Inc. (AIG) that is -14.28% lower over the same period. Old Republic International Corporation (ORI) is -0.65% down on the 1-year trading charts.