Radian Group Inc. (NYSE:RDN – Get Free Report) declared 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 3.14%. The ex-dividend date is Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25.
Radian Group has raised 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. 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 Price Performance
RDN opened at $32.44 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group has a 52-week low of $27.20 and a 52-week high of $37.86. The stock has a market capitalization 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 stock’s 50 day moving average price is $32.65 and its 200-day moving average price is $33.94.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target 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. UBS Group upped their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Radian Group currently has an average rating of “Hold” and a consensus price target of $36.80.
View Our Latest Stock Report on RDN
Insider Transactions at Radian Group
In other news, insider Derek Brummer sold 14,705 shares of the stock in a transaction 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 sale, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.16% of the company’s stock.
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.
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