Radian Group Inc. (RDN) To Go Ex-Dividend on February 24th

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders 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 yield of 3.15%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost 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 dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 1.2 %

Radian Group stock opened at $32.35 on Friday. The stock’s 50 day moving average price is $32.82 and its 200 day moving average price is $34.09. The company has a market cap of $4.82 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. 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 1-year low of $27.20 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. On average, sell-side analysts predict that Radian Group will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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