Radian Group Inc. (NYSE:RDN) Raises Dividend to $0.26 Per Share

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 annualized dividend and a dividend yield of 3.19%. This is a boost from Radian Group’s previous quarterly dividend of $0.25.

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 25.7% meaning its dividend is sufficiently covered by earnings. 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

Radian Group stock opened at $31.97 on Thursday. The firm has a market cap of $4.76 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.83 and a beta of 1.06. The stock’s 50 day moving average is $32.82 and its 200 day moving average is $34.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 2.01. Radian Group has a one year low of $27.20 and a one year 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, topping analysts’ consensus estimates 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 expect that Radian Group will post 3.67 EPS for the current year.

Insiders Place Their Bets

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the 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 transaction, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analyst Weigh In

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

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.