Will Radian Group, Inc. (RDN) benefit from Wall Street bulls Calls?

Radian Group, Inc. (NYSE: RDN) is -2.00% lower on its value in year-to-date trading and has touched a low of $20.01 and a high of $29.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RDN stock was last observed hovering at around $27.50 in the last trading session, with the day’s gains setting it 0.48%.

Currently trading at $27.98, the stock is -2.83% and -0.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 1.75% at the moment leaves the stock 5.83% off its SMA200. RDN registered 27.18% gain for a year compared to 6-month gain of 1.38%. The firm has a 50-day simple moving average (SMA 50) of $4.68.

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The stock witnessed a -2.10% loss in the last 1 month and extending the period to 3 months gives it a 6.19%, and is -1.34% 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 2.82% over the week and 1.97% over the month.

Radian Group, Inc. (RDN) has around Nov 24 2023 employees, a market worth around $4.29B and $1.24B in sales. Current P/E ratio is 7.41 and Fwd P/E is 7.78. Profit margin for the company is 48.51%. Distance from 52-week low is 39.83% and -5.78% from its 52-week high. The company has generated returns on investments over the last 12 months (10.16%).

Radian Group, Inc. quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $252.81M over the same period.The EPS is expected to shrink by -12.97% this year, but quarterly earnings will post 9.90% year-over-year. Quarterly sales are estimated to grow 8.40% in year-over-year returns.

Radian Group, Inc. (RDN) Top Institutional Holders

428 institutions hold shares in Radian Group, Inc. (RDN), with institutional investors hold 102.31% of the company’s shares. The shares outstanding are 153.18M, and float is at 151.82M with Short Float at 3.34%. Institutions hold 101.48% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 22.28 million shares valued at $563.36 million. The investor’s holdings represent 14.16% of the RDN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 14.55 million shares valued at $367.8 million to account for 9.24% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 11.87 million shares representing 7.54% and valued at over $300.13 million, while FMR, LLC holds 6.30% of the shares totaling 9.92 million with a market value of $250.88 million.

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 Serio Gregory,the company’sDirector. SEC filings show that Serio Gregory sold 3,800 shares of the company’s common stock on Aug 17 at a price of $26.82 per share for a total of $0.1 million. Following the sale, the insider now owns 8221.0 shares.

Radian Group, Inc. disclosed in a document filed with the SEC on Aug 14 that Hess Lisa W (Director) sold a total of 655 shares of the company’s common stock. The trade occurred on Aug 14 and was made at $27.52 per share for $18029.0. Following the transaction, the insider now directly holds 6417.0 shares of the RDN stock.

Still, SEC filings show that on Jun 05, Hoffman Edward J (Sr. EVP, General Counsel) disposed off 30,000 shares at an average price of $25.98 for $0.78 million. The insider now directly holds 124,784 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 31.39% up over the past 12 months. American International Group Inc. (AIG) that is 12.54% higher over the same period.