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

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 2nd will be paid a dividend of 0.255 per share by the insurance provider on Wednesday, June 17th. This represents a c) annualized dividend 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 raised its dividend every year for the last 6 years. Radian Group has a payout ratio of 25.4% meaning 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 Trading Down 1.1%

NYSE RDN opened at $37.20 on Friday. Radian Group has a fifty-two week low of $31.50 and a fifty-two week high of $38.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day simple moving average of $34.86 and a two-hundred day simple moving average of $34.69. The stock has a market cap of $4.95 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The business had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same quarter last year, the business posted $0.99 EPS. The business’s revenue was up 46.6% on a year-over-year basis. On average, analysts forecast that Radian Group will post 5.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group dropped their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods increased their price objective on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Barclays increased their price objective on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and raised their target price for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.80.

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.