Radian Group, Inc. (NYSE: RDN) is 20.77% higher on its value in year-to-date trading and has touched a low of $24.56 and a high of $37.86 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 $34.00 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $34.48, the stock is -1.78% and 4.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing 1.41% at the moment leaves the stock 14.93% off its SMA200. RDN registered 26.67% gain for a year compared to 6-month gain of 22.36%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -1.03% loss in the last 1 month and extending the period to 3 months gives it a 10.02%, and is 1.11% 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 1.79% over the week and 2.59% over the month.
Radian Group, Inc. (RDN) has around 1100 employees, a market worth around $5.19B and $1.28B in sales. Current P/E ratio is 8.97 and Fwd P/E is 9.34. Profit margin for the company is 47.05%. Distance from 52-week low is 40.39% and -8.93% from its 52-week high. The company has generated returns on investments over the last 12 months (9.96%).
Radian Group, Inc. quarterly earnings per share for the current quarter are estimated at 0.91 with sales reaching $260.32M over the same period.The EPS is expected to shrink by -1.58% this year, but quarterly earnings will post 11.00% year-over-year.
436.0 institutions hold shares in Radian Group, Inc. (RDN), with institutional investors hold 99.28% of the company’s shares. The shares outstanding are 153.18M, and float is at 148.12M with Short Float at 3.73%. Institutions hold 98.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.44 million shares valued at $$684.1 million. The investor’s holdings represent 13.2879 of the RDN Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 14.74 million shares valued at $$493.45 million to account for 9.5849 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 8.96 million shares representing 5.8237 and valued at over $$299.82 million, while FIRST TRUST ADVISORS LP holds 5.1699 of the shares totaling 7.95 million with a market value of $$266.16 million.
Radian Group, Inc. (RDN) Insider Activity
The most recent transaction is an insider sale by Pandit Sumita, the company’s Sr. EVP – CFO. SEC filings show that Pandit Sumita sold 3,817 shares of the company’s common stock on Aug 08 ’24 at a price of $34.23 per share for a total of $0.13 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on May 24 ’24, Brummer Derek (President, Mortgage Insurance) disposed off 35,000 shares at an average price of $31.33 for $1.1 million. The insider now directly holds 218,023 shares of Radian Group, Inc. (RDN).
