Radian Group Inc.’s filing revealed that its Director Serio Gregory unloaded Company’s shares for reported $0.1 million on Aug 17. In the deal valued at $26.82 per share,3,800 shares were sold. As a result of this transaction, Serio Gregory now holds 8,221 shares worth roughly $ 0.22 million.
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Then, Hess Lisa W sold 655 shares, generating $18,029 in total proceeds. Upon selling the shares at $27.52, the Director now owns 6,417 shares.
Before that, Hoffman Edward J sold 30,000 shares. Radian Group Inc. shares valued at $779,400 were divested by the Sr. EVP, General Counsel at a price of $25.98 per share. As a result of the transaction, Hoffman Edward J now holds 124,784 shares, worth roughly $3.4 million.
Keefe Bruyette downgraded its Radian Group Inc. [RDN] rating to a Mkt perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 0.98 to its Friday closing price.
Price Performance Review of RDN
On Friday, Radian Group Inc. [NYSE:RDN] saw its stock jump 0.55% to $27.23. On the same session, the stock had its day’s lowest price of $27.12, but rose to a high of $27.525. Over the last five days, the stock has gained 0.55%. Radian Group Inc. shares have risen nearly 42.79% since the year began. Nevertheless, the stocks have risen 28.99% over the past one year. While a 52-week high of $28.26 was reached on 08/07/23, a 52-week low of $17.83 was recorded on 01/06/23. SMA at 50 days reached $26.47, while 200 days put it at $23.11. A total of 0.81 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For RDN Stock
The 24-hour chart illustrates a support level at 27.06, which if violated will result in even more drops to 26.89. On the upside, there is a resistance level at 27.46. A further resistance level may holdings at 27.70. The Relative Strength Index (RSI) on the 14-day chart is 57.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.02%. Stochastics %K at 65.64% indicates the stock is a holding.
How much short interest is there in Radian Group Inc.?
A steep rise in short interest was recorded in Radian Group Inc. stocks on Aug 14, 2023, dropping by -1.44 million shares to a total of 6.59 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.03 million shares. There was a decline of -21.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.1.
Radian Group Inc. [RDN] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,936,436 shares, or roughly 14.03% of the outstanding RDN shares. In other words, the investor’s shares have fallen by -2,465,613 from its previous 13-F filing of 24402049.0. Additionally, BlackRock Fund Advisors decreased -3.49% of its stake after which the total value it holdings stand at $353,529,203, while JPMorgan Securities LLC reduced -11.99% of its stake to hold $256.31 million in the firm. Over the last quarter, LSV Asset Management sold -47,936 shares of Radian Group Inc., while SSgA Funds Management, Inc. sold -106,256 shares. At present, Fidelity Management & Research Co is holding 6,383,125 shares valued at $171.9 million. T. Rowe Price Investment Manageme owned 6,099,453 shares of the company at the time of its most recent 13F filing, worth $164.26 million.