Radian Group Inc. (NYSE:RDN – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.255 per share by the insurance provider on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th.
Radian Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Radian Group has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Radian Group to earn $5.21 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 19.6%.
Radian Group Stock Performance
Radian Group stock opened at $36.36 on Thursday. Radian Group has a one year low of $31.50 and a one year high of $41.05. The company’s fifty day moving average price is $37.07 and its two-hundred day moving average price is $35.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.41 and a quick ratio of 0.58. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.87 and a beta of 0.72.
Insiders Place Their Bets
In other news, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.59, for a total value of $71,601.30. Following the completion of the sale, the director directly owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. This represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael S. Weinbach acquired 120,487 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $33.89 per share, for a total transaction of $4,083,304.43. Following the purchase, the chief executive officer owned 120,487 shares of the company’s stock, valued at $4,083,304.43. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 15,517 shares of company stock valued at $557,610 in the last three months. 2.03% of the stock is owned by corporate insiders.
Institutional Trading of Radian Group
Several hedge funds and other institutional investors have recently bought and sold shares of RDN. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the period. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares in the last quarter. Fifth Third Bancorp grew its position in Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after buying an additional 360 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Radian Group during the third quarter valued at about $34,000. Finally, Global Retirement Partners LLC bought a new position in Radian Group during the second quarter valued at about $37,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.
Radian Group Company Profile
Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.
Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.
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