With 2.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.96 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $34.43 whereas the lowest price it dropped to was $33.2299. The 52-week range on RDN shows that it touched its highest point at $37.86 and its lowest point at $24.92 during that stretch. It currently has a 1-year price target of $35.93. With its current market cap of 5.09 billion, RDN has annualized dividend of $0.96 while the current yield stands at 2.84%. Beta for the stock currently stands at 1.03.
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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 -3.01%, but this was down by -0.94% over a month. Three-month performance dropped to -1.37% while six-month performance rose 7.02%. The stock gained 27.44% in the past year, while it has gained 18.60% so far this year. A look at the trailing 12-month EPS for RDN yields 3.86 with Next year EPS estimates of 3.74. For the next quarter, that number is 0.93. This implies an EPS growth rate of -0.26% for this year and -3.41% for next year. EPS is expected to decline by -4.12% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.32%.
Float and Shares Shorts:
At present, 153.18 million RDN shares are outstanding with a float of 148.27 million shares on hand for trading. On 2024-10-15, short shares totaled 5.01 million, which was 332.99996999999996 higher than short shares on 1726185600. In addition to Mr. Richard Gerald Thornberry as the firm’s CEO & Director, Ms. Sumita Pandit serves as its CFO & Senior EVP.
Institutional Ownership:
Through their ownership of 0.98175 of RDN’s outstanding shares, institutional investors have minority 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 30 analysts follow the stock currently. There are 17 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 12 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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 41.0 and a low target of 33.0, the average target price over the next 12 months is 36.64. Based on these targets, RDN could surge 21.09% to reach the target high and fall by -2.54% to reach the target low. Reaching the average price target will result in a growth of 8.21% from current levels.
Analysts have provided yearly estimates in a range of $3.85573 being high and $3.75427 being low. For RDN, this leads to a yearly average estimate of $3.805. The surprise factor in the prior quarter was $0.84. Based on analyst estimates, the high estimate for the next quarter is $1.05 and the low estimate is $0.76. The average estimate for the next quarter is thus $0.9.
