Radian Group Inc. (RDN) is looking forward to a strong quarter

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.

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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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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