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

Radian Group Inc. (NYSE:RDN - Get Free Report) announced 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 dividend yield of 3.12%. The ex-dividend date is Monday, February 24th. This is a boost from Radian Group's previous quarterly dividend of $0.25.

Radian Group has raised its dividend payment by an average of 21.6% per year over the last three years. Radian Group has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Radian Group to earn $4.00 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 25.5%.

Radian Group Price Performance

Shares of RDN traded up $0.40 during midday trading on Friday, hitting $32.74. 1,708,389 shares of the company traded hands, compared to its average volume of 1,088,753. Radian Group has a one year low of $27.20 and a one year high of $37.86. The firm has a market cap of $4.88 billion, a P/E ratio of 8.33, a PEG 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. The stock has a 50-day moving average of $32.74 and a 200-day moving average of $34.00.

Radian Group (NYSE:RDN - Get Free Report) last posted its 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%. As a group, sell-side analysts predict that Radian Group will post 3.67 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their target price 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.30.

Insider Buying and Selling

In other news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.16% of the stock is currently owned by insiders.

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.