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

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, November 13th,RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.84%.

Radian Group has increased its dividend payment 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. Research 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 Trading Down 0.3 %

Shares of Radian Group stock traded down $0.11 on Wednesday, reaching $34.49. 795,900 shares of the company’s stock were exchanged, compared to its average volume of 1,047,126. The company has a market capitalization of $5.14 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. Radian Group has a 52 week low of $24.92 and a 52 week high of $37.86. The firm’s 50-day moving average is $34.54 and its two-hundred day moving average is $33.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. Sell-side analysts predict that Radian Group will post 4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Radian Group news, COO Mary Dickerson sold 19,511 shares of Radian Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the transaction, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at $1,725,174.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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