Radian Group, Inc. (NYSE: RDN) is 2.73% higher on its value in year-to-date trading and has touched a low of $22.93 and a high of $33.69 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 $29.48 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $29.33, the stock is -7.75% and -2.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.51% at the moment leaves the stock 6.27% off its SMA200. RDN registered 24.81% gain for a year compared to 6-month gain of 9.85%.
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The stock witnessed a -5.02% loss in the last 1 month and extending the period to 3 months gives it a 3.24%, and is -2.23% 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 2.37% over the week and 2.29% over the month.
Radian Group, Inc. (RDN) has around 1100 employees, a market worth around $4.44B and $1.24B in sales. Current P/E ratio is 7.78 and Fwd P/E is 8.23. Profit margin for the company is 48.51%. Distance from 52-week low is 27.88% and -12.93% from its 52-week high. The company has generated returns on investments over the last 12 months (10.13%).
The EPS is expected to shrink by -13.54% this year
The shares outstanding are 153.18M, and float is at 150.16M with Short Float at 5.38%.
Radian Group, Inc. (RDN) Insider Activity
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 ’23 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 ’23 that Hess Lisa W (Director) sold a total of 655 shares of the company’s common stock. The trade occurred on Aug 14 ’23 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 ’23, 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).
