Radian Group Inc. (RDN) to Issue Quarterly Dividend of $0.26 on June 17th

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Thursday, May 21st. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Radian Group has raised its dividend payment 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 payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of RDN stock opened at $36.37 on Friday. The company has a 50 day moving average price of $34.94 and a 200-day moving average price of $34.70. Radian Group has a 52 week low of $31.50 and a 52 week high of $38.84. The firm has a market capitalization of $4.84 billion, a PE ratio of 8.96, a P/E/G ratio of 0.93 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $466.34 million during the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. As a group, equities research analysts expect that Radian Group will post 5.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RDN. Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. UBS Group decreased their price target on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Barclays upped their price target on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and upped their price target for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.67.

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.