As of Thursday close, Radian Group Inc.’s (NYSE:RDN) stock was down -$0.51, moving down -1.98 percent to $25.28. The average number of shares traded per day over the past five days has been 1,515,060 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 1,089,560, while in the previous 50 days, it was 1,004,454.
Since last month, RDN stock retreated -3.70%. Shares of the company fell to $25.27 on 09/21/23, the lowest level in the past month. A 52-week high of $28.26 was reached on 08/07/23 after having rallying from a 52-week low of $17.83. Since the beginning of this year, RDN’s stock price has risen by 32.56% or $6.21, and marked a new high 39 times. However, the stock has declined by -10.54% since its 52-week high.
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RDN stock investors should be aware that Radian Group Inc. (RDN) stock had its last reported insider trading activity 36 days ago on Aug 17. Serio Gregory, the Director of the company, disposed of 3,800 shares for $26.82 on Aug 17. It resulted in a $101,916 divestment by the insider. Hess Lisa W sold 655 shares at an average price of $27.52 on Aug 14. The insider now owns 6,417 shares following the transaction. On Jun 05, Sr. EVP, General Counsel Hoffman Edward J sold 30,000 shares at $25.98 apiece. The transaction was valued at $779,400.
Valuation Metrics
Right now, Radian Group Inc. (RDN) has a P/E ratio of about 6.18. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 3.24, the price-to-book (PB) ratio of 0.96, and the price-to-cash flow ratio of 10.61 may also be considered.
The latest dividend of $0.2250 per share was paid out, remained unchanged from last year’s $0.2250. On Wednesday February 15 2023, a $0.0250 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.38, and the total debt-to-equity ratio was 0.38. In the year ended June 29, operating margins totaled 83.20%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.10%. Return on equity (ROE) for the past 12 months was 18.10%.
In Radian Group Inc.’s quarter-end financial report for June 29, it reported total debt of $1.42 billion. RDN’s revenue rose 1.23% to $310.62 million during the quarter, while net income inched up to $290.41 million. While analysts expected Radian Group Inc. to report $0.78 quarterly earnings, the actual figure was $0.91 per share, beating the consensus estimate by 16.70%. The value of shareholders’ equity is $157.43 million.
Technical Picture
This quick technical analysis looks at Radian Group Inc.’s (RDN) price momentum. With a historical volatility rate of 24.25%, the RSI 9-day stood at 31.58% on 21 September.
With respect to its five-day moving average, the current Radian Group Inc. price is down by -1.71% percent or -$0.44. At present, RDN shares trade -4.82% below its 20-day simple moving average and +4.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.56% below its SMA50 and +33.05% above its SMA200.
Stochastic coefficient K was 17.93% and Stochastic coefficient D was 32.04%, while ATR was 0.55. Given the Stochastic reading of 0.44% for the 14-day period, the RSI (14) reading has been calculated as 35.43%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.50.
Analyst Ratings
Radian Group Inc. downgraded its rating on Radian Group Inc. (NYSE: RDN) to a Mkt perform in a note to investors on June 13, 2023. The analysts firm previously had an Outperform rating on the stock.Radian Group Inc. (RDN) has been rated Hold by analysts. According to 0 brokerage firms, RDN is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Radian Group Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $29.00, the current consensus forecast for the stock is $26.00 – $35.00. Based on these forecasts, analysts predict Radian Group Inc. (RDN) will achieve an average price target of $29.80.
