Radian Group Inc. (NYSE:RDN) Announces $0.25 Quarterly Dividend

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Wednesday, May 22nd, RTT News reports. Shareholders of record on Tuesday, June 4th will be given a dividend of 0.245 per share by the insurance provider on Thursday, June 20th. This represents a $0.98 dividend on an annualized basis and a yield of 3.13%.

Radian Group has raised its dividend by an average of 21.6% per year over the last three years and has raised its dividend annually for the last 4 consecutive years.

Radian Group Price Performance

RDN stock traded down $0.11 during mid-day trading on Wednesday, reaching $31.32. The company’s stock had a trading volume of 720,106 shares, compared to its average volume of 1,186,092. The stock has a market cap of $4.72 billion, a PE ratio of 8.29, a P/E/G ratio of 1.74 and a beta of 1.03. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. Radian Group has a fifty-two week low of $24.34 and a fifty-two week high of $33.69. The company’s 50 day moving average is $31.27 and its two-hundred day moving average is $29.06.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.20. The business had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. Equities research analysts expect that Radian Group will post 3.52 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RDN shares. UBS Group increased their price objective on shares of Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price objective (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.88.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.