RDN Stock Summary and Trading Ideas (Radian Group | NYSE:RDN)

Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.

Radian Group trades on the NYSE stock market under the symbol RDN.

As of April 18, 2024, RDN stock price declined to $29.29 with 1,079,599 million shares trading.

RDN has a beta of 0.87, meaning it tends to be less sensitive to market movements. RDN has a correlation of 0.19 to the broad based SPY ETF.

RDN has a market cap of $4.44 billion. This is considered a Mid Cap stock.

Last quarter Radian Group reported $233 million in Revenue and $.96 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.10.

In the last 3 years, RDN stock traded as high as $33.69 and as low as $17.84.

The top ETF exchange traded funds that RDN belongs to (by Net Assets): RDVY, VTI, VB, SCHD, IWM.

RDN has outperformed the market in the last year with a return of +29.6%, while the SPY ETF gained +22.2%. However, in the most recent history, RDN shares have underperformed the stock market with its stock returning +3.4% in the last 3 month period and -5.9% for the last 2 week period, while SPY has returned +5.2% and -2.6%, respectively.

RDN support price is $28.88 and resistance is $29.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDN stock will trade within this expected range on the day.