Radian Group Inc. (NYSE:RDN) to Issue Quarterly Dividend of $0.26

Radian Group Inc. (NYSE:RDNGet Free Report) declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 2nd will be given a dividend of 0.255 per share by the insurance provider on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Radian Group has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 6 years. Radian Group has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Radian Group to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 18.9%.

Radian Group Stock Down 1.1%

Radian Group stock opened at $37.20 on Friday. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.93 and a beta of 0.76. The stock has a fifty day simple moving average of $34.86 and a two-hundred day simple moving average of $34.69. Radian Group has a 12 month low of $31.50 and a 12 month high of $38.84. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDNGet Free Report) last posted its earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $466.34 million during the quarter, compared to analyst estimates of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The company’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. Equities analysts predict that Radian Group will post 5.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group reduced their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Barclays lifted their target price on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods lifted their target price on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.80.

Read Our Latest Analysis on RDN

Radian Group Company Profile

(Get Free Report)

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.

See Also

Dividend History for Radian Group (NYSE:RDN)

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