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Wednesday, December 6, 2023

Is Radian Group, Inc. (NYSE: RDN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Radian Group, Inc. (RDN) shows that investor sentiment remained same, with the stock’s consolidated last price to $26.44. The Radian Group, Inc. has recorded 85,704 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Radian Announces Third Quarter 2023 Financial Results.

Stocks Info

RDN belongs to the Financial sector of the NYSE while operating in the Insurance – Specialty industry. At the end of the last regular session, the stock closed at $26.44 and fluctuated between $26.73 as its day high and $26.26 as its day low. The current market capitalization of Radian Group, Inc. is $4.16B. A total of 0.62 million shares were traded on the day, compared to an average of 1.12M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RDN has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 4,455 shares. Over the last 12 months, there were 43 BUYs and 37 SELLs from insiders. Insiders purchased 639,474 shares during that period but sold 499,324.

In the most recent transaction, Serio Gregory sold 3,800 shares of RDN for 26.82 per share on Aug 17. After the transaction, the Director now owns 8,221 company shares. In a previous transaction on Aug 14, Hess Lisa W sold 655 shares at 27.52 per share. RDN shares that Director owns now total 6,417.

Among the insiders who sold shares, Hoffman Edward J disposed of 30,000 shares on Jun 05 at a per-share price of $25.98. This resulted in the Sr. EVP, General Counsel holding 124,784 shares of RDN after the transaction. In another insider transaction, Mumford Lisa sold 2,830 shares at $25.82 per share on May 30. Company shares held by the Director now total 16,492.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Radian Group, Inc. pays an annual dividend of $0.90, resulting in a dividend yield of 3.40%, and it has a price to earnings (P/E) ratio of 6.83. RDN’s most recent ex-dividend date was 8/18/2023 when it declared a $0.2250 quarterly dividend that was paid in cash on 9/6/2023. Previously, the company paid the dividend on 6/14/2023 with an ex-dividend date of 5/26/2023. The RDN stock dividend was $0.2250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RDN in the last 3 months, the mean price target is $30.00 with high estimates of $35.00 and low estimates of $26.00. In terms of 52-week highs and lows, RDN has a high of $28.26 and a low of $17.83.

As of this writing, RDN has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.76. The company reported an EPS of $0.98 in the last quarter, which was 30.70% higher than expectations of $0.75.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RDN’s latest balance sheet shows that the firm has $151.15M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $26.69, while its Total Shareholder’s Equity was $4.26B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.50.

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