The stock of Radian Group, Inc (NYSE: RDN) has decreased by -1.69 when compared to last closing price of 35.53.Despite this, the company has seen a loss of -0.74% in its stock price over the last five trading days. zacks.com reported 2024-11-29 that Better pricing, product redesigns, technological advancement and improving inflation are expected to aid multiline insurers like AIG, PRU, HIG, RDN and CNO.
Is It Worth Investing in Radian Group, Inc (NYSE: RDN) Right Now?
Radian Group, Inc (NYSE: RDN) has a higher price-to-earnings ratio of 9.05x compared to its average ratio, The 36-month beta value for RDN is at 1.04. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for RDN is 146.81M, and currently, shorts hold a 4.30% of that float. The average trading volume for RDN on December 05, 2024 was 1.05M shares.
RDN’s Market Performance
The stock of Radian Group, Inc (RDN) has seen a -0.74% decrease in the past week, with a 8.78% rise in the past month, and a -1.13% fall in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 2.18% for RDN. The simple moving average for the past 20 days is 0.81% for RDN’s stock, with a 6.38% simple moving average for the past 200 days.
Analysts’ Opinion of RDN
Many brokerage firms have already submitted their reports for RDN stocks, with Keefe Bruyette repeating the rating for RDN by listing it as a “Outperform.” The predicted price for RDN in the upcoming period, according to Keefe Bruyette is $36 based on the research report published on June 03, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see RDN reach a price target of $35, previously predicting the price at $36. The rating they have provided for RDN stocks is “Mkt Perform” according to the report published on April 04th, 2024.
Keefe Bruyette gave a rating of “Outperform” to RDN, setting the target price at $29 in the report published on December 13th of the previous year.
RDN Trading at 1.35% from the 50-Day Moving Average
After a stumble in the market that brought RDN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.74% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +7.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.52% upper at present.
During the last 5 trading sessions, RDN fell by -0.74%, which changed the moving average for the period of 200-days by +27.06% in comparison to the 20-day moving average, which settled at $34.65. In addition, Radian Group, Inc saw 22.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RDN starting from Thornberry Richard G, who sale 20,000 shares at the price of $34.96 back on Nov 26 ’24. After this action, Thornberry Richard G now owns 909,452 shares of Radian Group, Inc, valued at $699,156 using the latest closing price.
Thornberry Richard G, the Officer of Radian Group, Inc, proposed sale 20,000 shares at $34.96 during a trade that took place back on Nov 26 ’24, which means that Thornberry Richard G is holding shares at $699,156 based on the most recent closing price.
Stock Fundamentals for RDN
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.61 for the gross margin
The net margin for Radian Group, Inc stands at 0.46. The total capital return value is set at 0.1. Equity return is now at value 13.53, with 7.61 for asset returns.
Based on Radian Group, Inc (RDN), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 7.7.
When we switch over and look at the enterprise to sales, we see a ratio of 3.93. The receivables turnover for the company is 9.41for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In conclusion, Radian Group, Inc (RDN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
