Shares of Radian Group Inc. (NYSE:RDN) traded today at $25.22, eclipsing its 52-week high. Approximately 252,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
Radian Group Inc. (NYSE:RDN) defies analysts with a current price ($25.06) 1.8% above its average consensus price target of $24.60.
In the past 52 weeks, Radian Group Inc. share prices are bracketed by a low of $12.41 and a high of $25.22 and is now at $25.06, 102% above that low price.
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. Radian stopped writing new international business in 2008. Its only remaining mortgage exposure outside of the United States is in Hong Kong, where the company continues to wind down its business.
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