Radian Group Inc. Declares Quarterly Dividend of $0.25 (NYSE:RDN)

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Monday, November 25th will be paid a dividend of 0.245 per share by the insurance provider on Tuesday, December 10th. This represents a $0.98 annualized dividend and a dividend yield of 2.83%.

Radian Group has increased its dividend by an average of 21.6% annually over the last three years. Radian Group has a payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $3.68 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 26.6%.

Radian Group Stock Performance

NYSE:RDN traded up $0.15 during trading hours on Thursday, hitting $34.64. 106,738 shares of the company were exchanged, compared to its average volume of 1,042,779. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group has a 52-week low of $24.92 and a 52-week high of $37.86. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.73 and a beta of 1.04. The company’s 50 day moving average price is $34.50 and its 200-day moving average price is $33.37.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The firm had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, research analysts forecast that Radian Group will post 4 earnings per share for the current year.

Insider Transactions at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Eric Ray sold 53,791 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,955 shares of company stock valued at $4,130,140 in the last ninety days. 2.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on RDN. Roth Mkm upped their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays increased their price target on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average price target of $36.10.

Radian Group Company Profile

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.