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

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

Radian Group has raised 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $5.11 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 20.0%.

Radian Group Stock Performance

NYSE:RDN opened at $36.61 on Friday. Radian Group has a fifty-two week low of $31.50 and a fifty-two week high of $41.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50 day simple moving average of $37.45 and a two-hundred day simple moving average of $35.51. The company has a market capitalization of $4.84 billion, a PE ratio of 9.41, a P/E/G ratio of 0.89 and a beta of 0.72.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $556.55 million. During the same quarter in the previous year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 92.3% compared to the same quarter last year. Research analysts anticipate that Radian Group will post 4.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RDN shares. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada began 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 on the stock. Weiss Ratings raised Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Finally, Barclays reduced their price target on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Radian Group has an average rating of “Moderate Buy” and an average price target 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.