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

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 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 yield of 2.80%. The ex-dividend date is Monday, November 25th.

Radian Group has raised its dividend by an average of 21.6% annually over the last three years. Radian Group has a payout ratio of 26.6% meaning 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 Up 2.8 %

NYSE:RDN opened at $34.96 on Friday. Radian Group has a one year low of $24.92 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $5.21 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.70 and a beta of 1.04. The firm has a 50-day simple moving average of $34.44 and a 200-day simple moving average of $33.50.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating 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 business had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. Equities analysts anticipate that Radian Group will post 4 EPS for the current fiscal year.

Insider Activity at Radian Group

In related news, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Derek Brummer sold 35,153 shares of the business’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 of the company’s stock, valued at approximately $6,595,877.60. This represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,955 shares of company stock worth $4,130,140 in the last three months. Company insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RDN shares. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Roth Mkm boosted their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays boosted their target price on shares of 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 target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and an average price target of $36.10.

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.