Radian Group, Inc. (NYSE: RDN) is 1.54% higher 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 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 $27.97 in the last trading session, with the day’s gains setting it 1.02%.
Currently trading at $28.99, the stock is 3.04% and 1.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing 3.65% at the moment leaves the stock 8.84% off its SMA200. RDN registered 34.46% gain for a year compared to 6-month gain of 7.29%. The firm has a 50-day simple moving average (SMA 50) of $4.60.
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The stock witnessed a -1.33% loss in the last 1 month and extending the period to 3 months gives it a 14.18%, and is 5.15% up 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 2.56% over the week and 2.25% over the month.
Radian Group, Inc. (RDN) has around 1100 employees, a market worth around $4.39B and $1.24B in sales. Current P/E ratio is 7.69 and Fwd P/E is 8.07. Profit margin for the company is 48.51%. Distance from 52-week low is 44.88% and -2.37% from its 52-week high. The company has generated returns on investments over the last 12 months (10.13%).
Radian Group, Inc. quarterly earnings per share for the current quarter are estimated at $0.86 with sales reaching $236.63M over the same period.The EPS is expected to shrink by -12.88% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 1.50% in year-over-year returns.
453 institutions hold shares in Radian Group, Inc. (RDN), with institutional investors hold 100.41% of the company’s shares. The shares outstanding are 153.18M, and float is at 150.17M with Short Float at 3.46%. Institutions hold 99.58% 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 0 insider transactions have happened at Radian Group, Inc. (RDN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Serio Gregory, the company’s Director. 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?
One of the company’s main competitors (and peers) include Assured Guaranty Ltd. (AGO) that is trading 62.53% up over the past 12 months.American International Group Inc. (AIG) lies in the list of competitors of the Radian Group, Inc. and is 18.82% higher over the same period from RDNOld Republic International Corp. (ORI) is 10.63% up on the 1-year trading charts.
