Radian Group Inc (NYSE:RDN) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Investors of record on Monday, May 27th will be given a dividend of 0.0025 per share by the insurance provider on Friday, June 7th. This represents a $0.01 annualized dividend and a yield of 0.04%.
Radian Group has a payout ratio of 0.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Radian Group to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 0.3%.
NYSE RDN traded up $0.19 during mid-day trading on Wednesday, hitting $22.55. The company’s stock had a trading volume of 1,545,464 shares, compared to its average volume of 1,331,132. Radian Group has a 52-week low of $14.77 and a 52-week high of $24.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.55 and a beta of 1.63.
Radian Group (NYSE:RDN) last posted its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Radian Group had a net margin of 49.25% and a return on equity of 17.82%. The firm had revenue of $363.63 million for the quarter, compared to analyst estimates of $342.44 million. During the same quarter last year, the firm posted $0.59 earnings per share. Radian Group’s revenue for the quarter was up 24.7% compared to the same quarter last year. Sell-side analysts forecast that Radian Group will post 2.83 EPS for the current fiscal year.
Several research analysts recently commented on RDN shares. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Thursday, January 17th. ValuEngine upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Bank of America restated a “buy” rating and issued a $27.00 price target (up previously from $23.00) on shares of Radian Group in a report on Wednesday, May 1st. Compass Point restated a “buy” rating and issued a $30.00 price target (up previously from $26.50) on shares of Radian Group in a report on Thursday, May 2nd. Finally, MKM Partners raised their price target on shares of Radian Group to $30.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.71.
Radian Group Company Profile
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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