Radian Group (RDN) : Traders are bullish on Radian Group (RDN) as it has outperformed the S&P 500 by a wide margin of 10.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.96%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.57% in the last 1 week, and is up 15.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 13.74% and the 50-Day Moving Average is 5.62%.
Radian Group (NYSE:RDN): The stock opened at $12.21 on Friday but the bulls could not build on the opening and the stock topped out at $12.22 for the day. The stock traded down to $11.91 during the day, due to lack of any buying support eventually closed down at $12.02 with a loss of -0.83% for the day. The stock had closed at $12.12 on the previous day. The total traded volume was 1,898,928 shares.
The company Insiders own 1.83% of Radian Group shares according to the proxy statements. Institutional Investors own 93.52% of Radian Group shares. During last six month period, the net percent change held by insiders has seen a change of 17.19%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Radian Group Inc, Ibrahim Sanford A, had purchased 25,000 shares in a transaction dated on February 3, 2016. The transaction was executed at $10.11 per share with total amount equaling $252,750.
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.