Radian Group, Inc (NYSE: RDN) is 0.63% higher on its value in year-to-date trading and has touched a low of $26.11 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 $31.72 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $31.92, the stock is -2.94% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 0.63% at the moment leaves the stock -3.69% off its SMA200. RDN registered 11.18% gain for a year compared to 6-month gain of 2.05%. The firm has a 50-day simple moving average (SMA 50) of $33.7492 and a 200-day simple moving average (SMA200) of $33.14465.
The stock witnessed a -10.69% loss in the last 1 month and extending the period to 3 months gives it a -7.13%, and is -0.03% 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 1.71% over the week and 2.08% over the month.
Radian Group, Inc (RDN) has around 1100 employees, a market worth around $4.75B and $1.30B in sales. Current P/E ratio is 8.27 and Fwd P/E is 8.67. Profit margin for the company is 45.96%. Distance from 52-week low is 22.25% and -15.69% from its 52-week high. The company has generated returns on investments over the last 12 months (10.35%).
The EPS is expected to grow by 1.25% this year
447.0 institutions hold shares in Radian Group, Inc (RDN), with institutional investors hold 99.48% of the company’s shares. The shares outstanding are 149.78M, and float is at 146.84M with Short Float at 5.20%. Institutions hold 98.45% 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 5.3409 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 Thornberry Richard G, the company’s Chief Executive Officer. SEC filings show that Thornberry Richard G sold 20,000 shares of the company’s common stock on Dec 17 ’24 at a price of $33.23 per share for a total of $0.66 million. Following the sale, the insider now owns 0.89 million shares.
Still, SEC filings show that on Dec 05 ’24, Brummer Derek (President, Mortgage Insurance) disposed off 14,705 shares at an average price of $34.65 for $0.51 million. The insider now directly holds 171,830 shares of Radian Group, Inc (RDN).
