Radian Group Inc. (NYSE:RDN – Get 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.
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
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.
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