Radian Group Inc (NYSE:RDN) Announces $0.00 Quarterly Dividend

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Radian Group Inc (NYSE:RDN) announced a quarterly dividend on Wednesday, August 14th, NASDAQ reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.002 per share by the insurance provider on Friday, September 6th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Friday, August 23rd.

Radian Group has a dividend payout ratio of 0.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 0.3%.

RDN opened at $22.68 on Wednesday. The stock has a fifty day moving average of $23.12 and a 200-day moving average of $22.18. The firm has a market capitalization of $4.63 billion, a P/E ratio of 8.43, a PEG ratio of 1.54 and a beta of 1.44. Radian Group has a 12-month low of $14.77 and a 12-month high of $24.62. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.29.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, July 31st. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The company had revenue of $394.96 million during the quarter, compared to analyst estimates of $352.77 million. Radian Group had a return on equity of 17.68% and a net margin of 43.66%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, analysts expect that Radian Group will post 2.95 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on RDN. B. Riley set a $27.00 target price on Radian Group and gave the company a “hold” rating in a report on Friday, August 2nd. BTIG Research restated a “buy” rating and issued a $29.00 target price on shares of Radian Group in a report on Thursday, August 1st. Bank of America restated a “buy” rating and issued a $27.00 target price (up previously from $23.00) on shares of Radian Group in a report on Wednesday, May 1st. Compass Point restated a “buy” rating and issued a $30.00 target price (up previously from $26.50) on shares of Radian Group in a report on Thursday, May 2nd. Finally, Zacks Investment Research lowered Radian Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.14.

About Radian Group

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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Dividend History for Radian Group (NYSE:RDN)

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