why Radian Group Inc. [RDN] is a Good Choice for Investors After New Price Target of $27.56


Radian Group Inc. [NYSE: RDN] jumped around 0.17 points on Wednesday, while shares priced at $21.62 at the close of the session, up 0.79%. The company report on November 18, 2021 that Home Prices Start 4th Quarter Slower, But Just Slightly, Reveals Radian Home Price Index.

In a repeat of the 2020 experience, after a very strong third quarter, home prices across the United States continued to climb in October albeit at a slower pace than in September. Radian HPI rose at an annualized rate of 17.3 percent in the month of October, slightly below the 17.6 percent recorded in the prior month, according to Radian Home Price Index (HPI) data released by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE:RDN). The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions available in the market.

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Radian Group Inc. stock is now 6.77% up from its year-to-date (YTD) trading value. RDN Stock saw the intraday high of $21.94 and lowest of $21.455 per share. The company’s 52-week high price is 25.31, which means current price is +13.19% above from all time high which was touched on 04/29/21.

Compared to the average trading volume of 1.22M shares, RDN reached a trading volume of 2662017 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Radian Group Inc. [RDN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RDN shares is $27.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RDN stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Radian Group Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 17, 2021. The new note on the price target was released on October 07, 2020, representing the official price target for Radian Group Inc. stock. Previously, the target price had yet another raise to $21, while Keefe Bruyette analysts kept a Mkt Perform rating on RDN stock. On June 01, 2020, analysts increased their price target for RDN shares from 16 to 20.

The Average True Range (ATR) for Radian Group Inc. is set at 0.56, with the Price to Sales ratio for RDN stock in the period of the last 12 months amounting to 2.86. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 0.86. Price to Free Cash Flow for RDN in the course of the last twelve months was 8.65.

How has RDN stock performed recently?

Radian Group Inc. [RDN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.05. With this latest performance, RDN shares dropped by -10.70% in over the last four-week period, additionally sinking by -7.37% over the last 6 months – not to mention a rise of 8.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RDN stock in for the last two-week period is set at 37.26, with the RSI for the last a single of trading hit 35.98, and the three-weeks RSI is set at 39.47 for Radian Group Inc. [RDN]. The present Moving Average for the last 50 days of trading for this stock 22.96, while it was recorded at 21.55 for the last single week of trading, and 22.84 for the last 200 days.

Earnings analysis for Radian Group Inc. [RDN]

With the latest financial reports released by the company, Radian Group Inc. posted 0.69/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RDN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Radian Group Inc. go to 22.64%.

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Insider trade positions for Radian Group Inc. [RDN]

There are presently around $3,781 million, or 98.80% of RDN stock, in the hands of institutional investors. The top three institutional holders of RDN stocks are: VANGUARD GROUP INC with ownership of 17,131,494, which is approximately -3.167% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 16,688,070 shares of the stock with an approximate value of $360.8 million in RDN stocks shares; and BLACKROCK INC., currently with $336.85 million in RDN stock with ownership of nearly -0.611% of the company’s market capitalization.

94 institutional holders increased their position in Radian Group Inc. [NYSE:RDN] by around 6,588,992 shares. Additionally, 124 investors decreased positions by around 15,026,694 shares, while 55 investors held positions by with 153,282,759 shares. The mentioned changes placed institutional holdings at 174,898,445 shares, according to the latest SEC report filing. RDN stock had 29 new institutional investments in for a total of 1,283,805 shares, while 23 institutional investors sold positions of 1,623,105 shares during the same period.