Radian Group Inc. (NYSE:RDN - Get Free Report) declared a quarterly dividend on Wednesday, May 22nd, RTT News reports. Investors of record on Tuesday, June 4th will be given a dividend of 0.245 per share by the insurance provider on Thursday, June 20th. This represents a $0.98 dividend on an annualized basis and a yield of 3.13%.
Radian Group has increased its dividend payment by an average of 21.6% annually over the last three years and has raised its dividend annually for the last 4 consecutive years.
Radian Group Price Performance
RDN stock traded down $0.13 during mid-day trading on Wednesday, reaching $31.30. The company's stock had a trading volume of 720,106 shares, compared to its average volume of 1,186,092. The stock has a market cap of $4.71 billion, a PE ratio of 8.28, a P/E/G ratio of 1.74 and a beta of 1.03. The company's 50 day moving average is $31.26 and its two-hundred day moving average is $29.07. Radian Group has a fifty-two week low of $24.34 and a fifty-two week high of $33.69. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39.
Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.83 by $0.20. The firm had revenue of $319.42 million during the quarter, compared to analysts' expectations of $314.76 million. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. Equities research analysts expect that Radian Group will post 3.52 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on RDN shares. UBS Group raised their price objective on shares of Radian Group from $30.00 to $31.50 and gave the stock a "neutral" rating in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $35.00 price target (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Radian Group has a consensus rating of "Hold" and an average price target of $30.88.
View Our Latest Report on RDN
About Radian Group
(
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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.
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