Radian Group Inc. (NYSE:RDN) Announces Quarterly Dividend of $0.26

Key Points

• Radian Group Inc. has declared a quarterly dividend of $0.26 per share, set to be paid on September 9th to shareholders of record on August 25th, representing an annual yield of 2.9%.
• The company reported earnings per share (EPS) of $1.01 for the last quarter, beating consensus estimates, while also posting a return on equity of 13.25% and a net margin of 45.62%.
• Analyst ratings reflect mixed opinions, with some research firms upgrading and others downgrading Radian Group, leading to target price adjustments ranging from $34.00 to $38.00.

Radian Group Inc. (NYSE:RDN - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Investors of record on Monday, August 25th will be paid a dividend of 0.255 per share by the insurance provider on Tuesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 25th.

Radian Group has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $3.92 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 26.0%.

Radian Group Trading Down 0.5%

Shares of Radian Group stock traded down $0.17 on Monday, reaching $34.35. The company had a trading volume of 545,362 shares, compared to its average volume of 1,068,400. Radian Group has a 52-week low of $29.32 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. The firm's 50 day moving average price is $34.55 and its two-hundred day moving average price is $33.34. The firm has a market cap of $4.65 billion, a PE ratio of 8.65 and a beta of 0.74.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The business had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. Sell-side analysts predict that Radian Group will post 3.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

RDN has been the topic of a number of research reports. Barclays increased their target price on shares of Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods lowered shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a research note on Monday, July 7th. Finally, UBS Group reissued a "neutral" rating and issued a $38.00 target price (up previously from $36.00) on shares of Radian Group in a report on Monday, July 14th.

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.