Radian Group Inc. (NYSE:RDN) to Issue Quarterly Dividend of $0.26

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 given a dividend of 0.255 per share by the insurance provider on Tuesday, March 11th. This represents a $1.02 annualized dividend and a dividend yield of 3.19%. This is a positive change from Radian Group’s previous quarterly dividend of $0.25.

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 25.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Radian Group to earn $4.00 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 24.5%.

Radian Group Price Performance

Shares of NYSE RDN opened at $31.97 on Thursday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.01 and a current ratio of 0.46. Radian Group has a fifty-two week low of $27.20 and a fifty-two week high of $37.86. The firm’s 50-day simple moving average is $32.82 and its 200 day simple moving average is $34.09.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. As a group, research analysts anticipate that Radian Group will post 3.67 earnings per share for the current fiscal year.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.30.

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.