Radian Group Inc. (RDN) To Go Ex-Dividend on August 24th

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, August 12th. Shareholders 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) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th.

Radian Group has raised its dividend payment by an average of 0.2%per year 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. 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 Stock Up 1.4%

NYSE:RDN opened at $36.94 on Friday. The firm has a market capitalization of $4.89 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.87 and a beta of 0.72. The stock has a 50 day moving average of $37.14 and a 200-day moving average of $35.37. Radian Group has a 52 week low of $31.50 and a 52 week high of $41.05. The company has a current ratio of 0.41, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14.

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

Analyst Ratings Changes

Several brokerages have weighed in on RDN. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target for the company. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Keefe, Bruyette & Woods cut their price objective 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 target price on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.17.

About Radian Group

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.