This trade activity should not be overlooked: Radian Group Inc. (RDN)

Radian Group Inc. (NYSE: RDN) stock jumped 2.19% on Monday to $26.65 against a previous-day closing price of $26.08. With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $26.75 whereas the lowest price it dropped to was $26.15. The 52-week range on RDN shows that it touched its highest point at $28.26 and its lowest point at $17.83 during that stretch. It currently has a 1-year price target of $29.17. With its current market cap of 4.14 billion, RDN has annualized dividend of $0.90 while the current yield stands at 3.38%. Beta for the stock currently stands at 1.09.

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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 up-trending over the past week, with a rise of 0.87%, but this was up by 0.57% over a month. Three-month performance surged to 6.05% while six-month performance rose 30.83%. The stock gained 28.00% in the past year, while it has gained 39.75% so far this year. A look at the trailing 12-month EPS for RDN yields 4.09 with Next year EPS estimates of 3.33. For the next quarter, that number is 0.81. This implies an EPS growth rate of 37.90% for this year and -4.88% 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, 159.01 million RDN shares are outstanding with a float of 156.18 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.41 million, which was 4.07% higher than short shares on Jul 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 107.98% of RDN’s outstanding shares, institutional investors have majority control over the company.

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 $35.00 and a low target of $26.00, the average target price over the next 12 months is $29.17. Based on these targets, RDN could surge 31.33% to reach the target high and fall by -2.44% to reach the target low. Reaching the average price target will result in a growth of 9.46% 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 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 4,455 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 639,474 while 499,324 shares were sold.

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