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

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.255 per share by the insurance provider on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th.

Radian Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Radian Group has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Radian Group to earn $5.21 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 19.6%.

Radian Group Price Performance

Shares of NYSE:RDN opened at $36.36 on Thursday. The business’s 50 day moving average is $37.07 and its 200 day moving average is $35.34. The stock has a market cap of $4.81 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.72. Radian Group has a 52-week low of $31.50 and a 52-week high of $41.05. The company has a quick ratio of 0.58, a current ratio of 0.41 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The firm had revenue of $574.96 million for the quarter, compared to the consensus estimate of $556.55 million. During the same period last year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 92.3% on a year-over-year basis. Sell-side analysts predict that Radian Group will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a research note on Sunday. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective for the company. Weiss Ratings upgraded shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Barclays reduced their price target on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.17.

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.