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. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, November 25th.

Radian Group has raised its dividend payment 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. Equities 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 Stock Down 0.3 %

Shares of NYSE:RDN opened at $34.39 on Friday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.73 and a beta of 1.04. Radian Group has a 12 month low of $24.92 and a 12 month high of $37.86. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $34.49 and a 200 day moving average price of $33.38.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction on 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 transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total value of $1,918,724.97. The disclosure for this sale can be found here. Insiders have sold a total of 115,955 shares of company stock worth $4,130,140 in the last three months. Corporate insiders own 2.16% of the company’s stock.

About Radian Group

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.