Radian Group Inc Declares Quarterly Dividend of $0.00 (RDN)
Radian Group (NYSE:RDN) announced a quarterly dividend on Wednesday, August 13th, AnalystRatingsNetwork.com reports. Shareholders of record on Monday, August 25th will be paid a dividend of 0.0025 per share on Monday, September 8th. This represents a $0.01 annualized dividend and a dividend yield of 0.07%.
A number of analysts have recently weighed in on RDN shares. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Radian Group from $18.50 to $17.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Analysts at Credit Suisse raised their price target on shares of Radian Group from $14.00 to $15.00 in a research note on Monday, May 19th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.33.
Shares of Radian Group (NYSE:RDN) traded up 0.96% during mid-day trading on Wednesday, hitting $13.70. The stock had a trading volume of 2,952,645 shares. Radian Group has a 52 week low of $12.18 and a 52 week high of $16.24. The stock has a 50-day moving average of $13.67 and a 200-day moving average of $14.57. The company has a market cap of $2.617 billion and a price-to-earnings ratio of 6.58.
Radian Group (NYSE:RDN) last released its earnings data on Thursday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.50. The company had revenue of $222.37 million for the quarter, compared to the consensus estimate of $210.70 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Radian Group will post $2.18 earnings per share for the current fiscal year.
Radian Group Inc (NYSE:RDN) is a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien loans (first-lien).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.