Radian Group Inc (RDN) to Issue Quarterly Dividend of $0.00

Radian Group Inc (NYSE:RDN) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Monday, February 26th will be given a dividend of 0.0025 per share by the insurance provider on Friday, March 9th. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.002.

Radian Group has a dividend payout ratio of 0.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Radian Group to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 0.4%.

Radian Group (NYSE:RDN) traded up $0.46 during mid-day trading on Wednesday, reaching $21.51. The company had a trading volume of 2,055,403 shares, compared to its average volume of 1,285,791. The company has a market cap of $4,521.30, a price-to-earnings ratio of 38.63, a PEG ratio of 1.34 and a beta of 1.58. Radian Group has a one year low of $15.58 and a one year high of $23.49. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Radian Group (NYSE:RDN) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. The business had revenue of $317.90 million during the quarter, compared to analyst estimates of $322.32 million. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. equities research analysts predict that Radian Group will post 2.4 earnings per share for the current year.

A number of research firms have commented on RDN. ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Barclays lifted their target price on Radian Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating on shares of Radian Group in a report on Friday, February 2nd. Wells Fargo & Co reissued a “hold” rating on shares of Radian Group in a report on Thursday, January 18th. Finally, BTIG Research reissued a “buy” rating and issued a $26.00 target price (up previously from $22.00) on shares of Radian Group in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.68.

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Radian Group Company Profile

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

Dividend History for Radian Group (NYSE:RDN)

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