Radian Group Inc. (NYSE: RDN) stock fell -0.16% on Thursday to $25.23 against a previous-day closing price of $25.27. With 1.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.41 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $25.35 whereas the lowest price it dropped to was $24.90. The 52-week range on RDN shows that it touched its highest point at $26.06 and its lowest point at $17.83 during that stretch. It currently has a 1-year price target of $25.79. With its current market cap of 3.96 billion, RDN has annualized dividend of $0.90 while the current yield stands at 3.57%. Beta for the stock currently stands at 1.13.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RDN was down-trending over the past week, with a drop of -2.51%, but this was up by 8.33% over a month. Three-month performance surged to 16.48% while six-month performance rose 29.78%. The stock gained 23.31% in the past year, while it has gained 32.30% so far this year. A look at the trailing 12-month EPS for RDN yields 4.33 with Next year EPS estimates of 3.15. For the next quarter, that number is 0.76. This implies an EPS growth rate of 37.90% for this year and -1.22% for next year. EPS is expected to grow by 2.06% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.80%.
Float and Shares Shorts:
At present, 158.30 million RDN shares are outstanding with a float of 155.65 million shares on hand for trading. On Apr 27, 2023, short shares totaled 9.66 million, which was 6.17% higher than short shares on Mar 30, 2023. In addition to Mr. Richard Gerald Thornberry as the firm’s CEO & Director, Mr. Robert James Quigley serves as its Exec. VP, Corp. Controller & Chief Accounting Officer.
Through their ownership of 97.65% of RDN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.13% of RDN, in contrast to 41.23% held by mutual funds. Shares owned by individuals account for 2.11%. As the largest shareholder in RDN with 15.52% of the stake, The Vanguard Group, Inc. holds 24,402,049 shares worth 24,402,049. A second-largest stockholder of RDN, BlackRock Fund Advisors, holds 13,602,762 shares, controlling over 8.65% of the firm’s shares. JPMorgan Securities LLC is the third largest shareholder in RDN, holding 10,814,769 shares or 6.88% stake. With a 3.11% stake in RDN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,885,484 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.61% of RDN stock, is the second-largest Mutual Fund holder. It holds 4,108,795 shares valued at 99.72 million. T Rowe Price Small Cap Value Fund holds 2.48% of the stake in RDN, owning 3,890,276 shares worth 94.42 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RDN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RDN analysts setting a high price target of $30.00 and a low target of $21.00, the average target price over the next 12 months is $25.79. Based on these targets, RDN could surge 18.91% to reach the target high and fall by -16.77% to reach the target low. Reaching the average price target will result in a growth of 2.22% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded RDN stock several times over the past three months with 2 Buys and 4 Sells. In these transactions, 23,120 shares were bought while 60,120 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 23,120 while 131,413 shares were sold.