Analysts Point To Radian Group, Inc. (NYSE: RDN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, RDN falls under the Financial sector while operating within the Insurance – Specialty industry segment. The current market capitalization of Radian Group, Inc. is $5.19B. A total of 0.63 million shares were traded on the day, compared to an average of 851.73K shares.

In the most recent transaction, Pandit Sumita sold 3,817 shares of RDN for 34.23 per share on Aug 08 ’24. After the transaction, the Sr. EVP – CFO now owns 0 company shares. In a previous transaction on Aug 08 ’24, Pandit Sumita bought 3,817 shares at 34.23 per share.

Among the insiders who sold shares, Brummer Derek disposed of 35,000 shares on May 24 ’24 at a per-share price of $31.33. This resulted in the President, Mortgage Insurance holding 218,023 shares of RDN after the transaction. In another insider transaction, Brummer Derek sold 20,000 shares at $31.33 per share on May 23 ’24. Company shares held by the President, Mortgage Insurance now total 253,023.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Radian Group, Inc. pays an annual dividend of $0.94, resulting in a dividend yield of 2.73%, and it has a price to earnings (P/E) ratio of 8.97. RDN’s most recent ex-dividend date was 8/26/2024 when it declared a $0.2450 quarterly dividend that was paid in cash on 9/11/2024. Previously, the company paid the dividend on 6/20/2024 with an ex-dividend date of 6/4/2024. The RDN stock dividend was $0.2450 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RDN has a high of $37.86 and a low of $24.56.

As of this writing, RDN has an earnings estimate of $0.91 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $1.01 per share and a lower estimate of $0.83.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RDN’s latest balance sheet shows that the firm has $6.22B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $29.66, while its Total Shareholder’s Equity was $4.26B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RDN is Buy with a score of 3.44.

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