Radian Group (NYSE:RDN) has tumbled 8.19% during the past week and has dropped 13.67% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 7.09%. Radian Group (NYSE:RDN) has underperformed the index by 14.46% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Radian Group (NYSE:RDN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.36 and $10.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.42, notching a gain of 0.29% for the day. The total traded volume was 4,052,183 . The stock had closed at $10.39 on the previous day.
The company shares have dropped -43.68% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $19.13 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $11.93 and the 200 Day Moving Average price is recorded at $12.00.
On the companys insider trading activities, Ibrahim Sanford A, CEO of Radian Group Inc, executed a transaction worth $252,750 on February 3, 2016. A total of 25,000 shares were purchased at an average price of $10.11. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Credit Suisse maintains their rating on the shares of Radian Group (NYSE:RDN). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $14.5 per share from $17.5 per share. The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 1.83% of Radian Group shares according to the proxy statements. Institutional Investors own 93.51% of Radian Group shares. During last six month period, the net percent change held by insiders has seen a change of 17.19%.
Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty, the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.