What You Need To Know About Radian Group Inc. (RDN)

Radian Group Inc. (NYSE:RDN) finished Friday with a subtraction of -$0.24 to close at $25.11, a downside of -0.95 percent. An average of 1,199,720 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 1,108,140 shares traded, while the 50-day average volume stands at 1,046,646.

RDN stock has decreased by -7.14% in the last month. The company shares reached their 1-month lowest point of $24.95 on 09/27/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $17.83 and a high of $28.26 in 52 weeks. It has reached a new high 39 times so far this year and achieved 31.67% or $6.04 in price. In spite of this, the price is down -11.15% from the 52-week high.

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Insider Transactions

RDN stock investors should be aware that Radian Group Inc. (RDN) stock had its last reported insider trading activity 44 days ago on Aug 17. In this transaction, the insider spent $101,916. Director, Hess Lisa W, disposed of 655 shares at a price of $27.52 on Aug 14. The insider now owns more than $18,029 worth of shares. Prior to that, Sr. EVP, General Counsel Hoffman Edward J went on to Sale 30,000 shares at $25.98 each on Jun 05. An amount of $779,400 was transacted.

Valuation Metrics

Radian Group Inc. (RDN) has a trailing price-to-earnings (P/E) ratio of 6.12. The stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.26, the price-to-book (PB) ratio at 0.95, and the price-to-cash flow ratio at 10.39.

The company has a payout ratio of 18.38%. The company’s most recent quarterly dividend payment was $0.2250 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Wednesday February 15 2023.

Financial Health

Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.39 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Radian Group Inc.’s return on assets was 9.23%.

Earnings Surprise

For the three-month period that ended June 29, Radian Group Inc. had $1.42 billion in total debt. The company posted a net income of $146.09 million in the quarter, while revenues of $157.76 million were shrunk -37.72%. The analyst consensus anticipated Radian Group Inc.’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $0.91, a 16.70% surprise. At the end of the quarter ending June 29, Radian Group Inc.’s stock balance sheet showed total debt was $1.64 billion. Shareholders own equity worth $157.43 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Radian Group Inc. (RDN) price momentum. RSI 9-day as of the close on 29 September was 35.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.86%.

As of today, RDN’s price is $25.20 -0.55% or -$0.14 from its 5-day moving average. RDN is currently trading -7.27% lower than its 20-day SMA and +1.05% higher than its 100-day SMA. However, the stock’s current price level is -5.46% below the SMA50 and +34.71% above the SMA200.

The stochastic %K and %D were 12.61% and 10.92%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 8.65% and the average true range at 0.49, the RSI (14) stands at 37.08%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.50.

Analyst Ratings

Keefe Bruyette downgraded Radian Group Inc. (NYSE: RDN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Radian Group Inc. (RDN) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RDN, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is RDN’s price target for the next 12 months?

Analysts predict a range of price targets between $26.00 and $35.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Radian Group Inc. (RDN) stock is $29.80.

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