Radian Group Inc. Declares Quarterly Dividend of $0.25 (NYSE:RDN)

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Wednesday, August 14th, RTT News reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.245 per share by the insurance provider on Wednesday, September 11th. This represents a $0.98 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, August 26th.

Radian Group has raised its dividend by an average of 21.6% per year over the last three years. Radian Group has a payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Radian Group to earn $3.47 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 28.2%.

Radian Group Stock Performance

NYSE RDN opened at $35.95 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.41 and a quick ratio of 1.80. The company has a market capitalization of $5.41 billion, a P/E ratio of 9.51, a PEG ratio of 1.98 and a beta of 1.05. Radian Group has a 1-year low of $24.56 and a 1-year high of $37.86. The business has a 50 day moving average price of $33.49 and a 200 day moving average price of $31.53.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. Sell-side analysts expect that Radian Group will post 3.61 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RDN. Keefe, Bruyette & Woods increased their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. UBS Group raised their price target on Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Barclays upped their price objective on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Royal Bank of Canada lifted their price objective on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, Roth Mkm upped their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.90.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.