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

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 dividend on an annualized basis and a yield of 2.84%.

Radian Group has increased 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 Price Performance

NYSE:RDN traded down $0.11 during mid-day trading on Wednesday, reaching $34.49. The stock had a trading volume of 795,900 shares, compared to its average volume of 1,047,126. 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 50 day moving average price of $34.54 and a two-hundred day moving average price of $33.36. The stock has a market capitalization of $5.14 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.73 and a beta of 1.04. Radian Group has a one year low of $24.92 and a one year high of $37.86.

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

Insiders Place Their Bets

In other news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now directly owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Radian Group news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated 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 owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Quigley sold 7,500 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 48,392 shares in the company, valued at approximately $1,725,174.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RDN. Keefe, Bruyette & Woods lifted their price target on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays boosted their target price 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. Royal Bank of Canada boosted their target price on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Finally, Roth Mkm boosted their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Radian Group currently has an average rating of “Hold” and a consensus 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.