Radian Group, Inc. (NYSE: RDN) is 24.10% 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 $35.42 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $35.43, the stock is 0.33% and 1.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.03% at the moment leaves the stock 13.87% off its SMA200. RDN registered 34.77% gain for a year compared to 6-month gain of 7.99%.
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The stock witnessed a 2.19% loss in the last 1 month and extending the period to 3 months gives it a 14.59%, and is 3.48% 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 2.33% over the week and 2.10% over the month.
Radian Group, Inc. (RDN) has around 1100 employees, a market worth around $5.33B and $1.28B in sales. Current P/E ratio is 9.21 and Fwd P/E is 9.60. Profit margin for the company is 47.05%. Distance from 52-week low is 44.26% and -6.42% from its 52-week high. The company has generated returns on investments over the last 12 months (9.96%).
The EPS is expected to shrink by -1.58% this year
442.0 institutions hold shares in Radian Group, Inc. (RDN), with institutional investors hold 99.73% of the company’s shares. The shares outstanding are 153.18M, and float is at 148.27M with Short Float at 3.40%. Institutions hold 98.66% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.63 million shares valued at $610.39 million. The investor’s holdings represent 12.7597 of the RDN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.57 million shares valued at $453.08 million to account for 9.4714 of the shares outstanding. The other top investors are FIRST TRUST ADVISORS LP which holds 8.72 million shares representing 5.6665 and valued at over $271.07 million, while JPMORGAN CHASE & CO holds 5.3164 of the shares totaling 8.18 million with a market value of $254.32 million.
Radian Group, Inc. (RDN) Insider Activity
The most recent transaction is an insider sale by Brummer Derek, the company’s President, Mortgage Insurance. SEC filings show that Brummer Derek sold 35,153 shares of the company’s common stock on Sep 05 ’24 at a price of $35.36 per share for a total of $1.24 million. Following the sale, the insider now owns 0.19 million shares.
Still, SEC filings show that on Aug 28 ’24, Dickerson Mary (Sr. EVP, CPO & COO) disposed off 19,511 shares at an average price of $35.93 for $0.7 million. The insider now directly holds 0 shares of Radian Group, Inc. (RDN).
