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

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Monday, November 25th will be given 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% per year 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 Up 0.4 %

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

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

Insider Buying and Selling

In related news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Eric Ray sold 53,791 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the transaction, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,955 shares of company stock worth $4,130,140. 2.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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