During the last session, Radian Group, Inc. (NYSE:RDN)’s traded shares were 11.95 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $31.35, reflecting an intraday loss of -0.82% or -$0.26. The 52-week high for the RDN share is $32.11, that puts it down -2.42 from that peak though still a striking 36.17% gain since the share price plummeted to a 52-week low of $20.01. The company’s market capitalization is $4.75B, and the average intraday trading volume over the past 10 days was 1.63 million shares, and the average trade volume was 1.30 million shares over the past three months.
Radian Group, Inc. (NYSE:RDN) trade information
Radian Group, Inc. (RDN) registered a -0.82% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.82% in intraday trading to $31.35, hitting a weekly high. The stock’s 5-day price performance is 6.24%, and it has moved by 11.25% in 30 days. Based on these gigs, the overall price performance for the year is 50.43%. The short interest in Radian Group, Inc. (NYSE:RDN) is 5.21 million shares and it means that shorts have 3.86 day(s) to cover.
Radian Group, Inc. (RDN) estimates and forecasts
Statistics show that Radian Group, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Radian Group, Inc. (RDN) shares have gone up 21.89% during the last six months, with a year-to-date growth rate less than the industry average at -15.72% against 12.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -13.30% this quarter and then drop -5.50% in the quarter after that. In the rating firms’ projections, revenue will increase 3.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $236.63 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $238.02 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $233.24 million and $259.48 million respectively. In this case, analysts expect current quarter sales to grow by 1.50% and then drop by -8.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.32%. While earnings are projected to return -12.88% in 2024, the next five years will return 2.06% per annum.
RDN Dividends
Radian Group, Inc. is due to release its next quarterly earnings between May 01 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Radian Group, Inc. is 0.92, with the dividend yield indicating at 2.93 percent, continuing the trend of increasing dividends in recent years.
Radian Group, Inc. (NYSE:RDN)’s Major holders
Radian Group, Inc. insiders own 0.85% of total outstanding shares while institutional holders control 99.50%, with the float percentage being 100.36%. Vanguard Group Inc is the largest shareholder of the company, while 454 institutions own stock in it. As of Jun 29, 2023, the company held over 22.28 million shares (or 14.16% of all shares), a total value of $563.36 million in shares.
The next largest institutional holding, with 14.55 million shares, is of Blackrock Inc.’s that is approximately 9.24% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $367.8 million.
Also, the Mutual Funds coming in first place with the largest holdings of Radian Group, Inc. (RDN) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 4.9 million shares. This amounts to just over 3.11 percent of the company’s overall shares, with a $123.81 million market value. The same data shows that the other fund manager holds slightly less at 4.04 million, or about 2.56% of the stock, which is worth about $102.05 million.
