The price of Radian Group, Inc. (NYSE:RDN) shares last traded on Wall Street fell -0.82% to $31.35.
RDN stock price is now 8.61% away from the 50-day moving average and 16.46% away from the 200-day moving average. The market capitalization of the company currently stands at $4.75B.
With the price target maintained at $29, Keefe Bruyette recently Upgraded its rating from Mkt Perform to Outperform for Radian Group, Inc. (NYSE: RDN). On December 06, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $28, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Serio Gregory, Director sold 3,800 shares of the company’s stock on Aug 17 ’23. The stock was sold for $101,916 at an average price of $26.82. Upon completion of the transaction, the Director now directly owns 8,221 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14 ’23, Director Hess Lisa W sold 655 shares of the business’s stock. A total of $18,029 was realized by selling the stock at an average price of $27.52. This leaves the insider owning 6,417 shares of the company worth $0.2 million. A total of 0.89% of the company’s stock is owned by insiders.
During the past 12 months, Radian Group, Inc. has had a low of $20.01 and a high of $32.11. According to the stock market information, the enterprise value for the company is $6.06B, which is based on a 8.31 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for RDN is $28.93 and a two-hundred day moving average price translates $26.94 for the stock.
The latest earnings results from Radian Group, Inc. (NYSE: RDN) was released for Dec, 2023. The net profit margin was 48.51% and return on equity was 14.50% for RDN. For the current quarter, analysts expect RDN to generate $236.63M in revenue.
