Radian Group Inc. (RDN) To Go Ex-Dividend on November 23rd

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.2550 per share by the insurance provider on Tuesday, December 8th. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, November 23rd.

Radian Group has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Radian Group has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $5.14 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 19.8%.

Radian Group Stock Down 1.2%

Radian Group stock opened at $36.80 on Friday. Radian Group has a twelve month low of $30.53 and a twelve month high of $41.05. The stock has a 50 day moving average of $34.85 and a two-hundred day moving average of $35.34. The company has a current ratio of 0.55, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.94 and a beta of 0.69.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, November 5th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.24. Radian Group had a return on equity of 14.39% and a net margin of 28.41%. The business had revenue of $624.11 million for the quarter, compared to analyst estimates of $595.99 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. As a group, research analysts expect that Radian Group will post 4.91 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on shares of Radian Group from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday. Zacks Research upgraded shares of Radian Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, BTIG Research initiated coverage on shares of Radian Group in a report on Tuesday, September 22nd. They issued a “buy” rating and a $48.00 target price on the stock. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Radian Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

About Radian Group

Radian Group Inc. is a mortgage and real estate services company whose primary business is private mortgage insurance. Through its subsidiaries, it provides mortgage insurance to lenders and other housing finance participants in the United States. Mortgage insurance helps protect lenders and investors against losses if borrowers default. It can also support home purchases by allowing qualified borrowers to obtain mortgages with smaller down payments than would otherwise be required. Radian also offers services and solutions related to mortgage risk management.