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 annualized dividend and a yield of 0.05%. This is a positive change from Radian Group’s previous quarterly dividend of $0.002.

Radian Group has a dividend payout ratio of 0.6% meaning 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 (RDN) traded up $0.46 during midday 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 stock has a market capitalization of $4,521.30, a P/E ratio of 38.63, a PEG ratio of 1.34 and a beta of 1.58. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. Radian Group has a 12 month low of $15.58 and a 12 month high of $23.49.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. Radian Group’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. sell-side analysts anticipate that Radian Group will post 2.4 earnings per share for the current fiscal year.

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

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About Radian Group

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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