Radian Group Inc. (RDN) to Issue Quarterly Dividend of $0.26 on March 11th

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Wednesday, February 12th, RTT News reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.255 per share by the insurance provider on Tuesday, March 11th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25.

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 26.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Radian Group to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 26.0%.

Radian Group Stock Performance

Shares of RDN opened at $32.44 on Friday. The company has a market cap of $4.71 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $32.65 and a 200-day moving average price of $33.94. Radian Group has a 12-month low of $27.20 and a 12-month high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their target price on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus price target of $36.80.

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.