Radian Group Inc. Buyback
OLI recorded this information on 8/9/2017
Radian Group Inc.
Radian Group Inc. announced today that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on September 1, 2017, to stockholders of record as of August 21, 2017. In addition, the Board of Directors has renewed its share repurchase program that enables the company to repurchase its common stock. The shares may be purchased in the open market or in privately negotiated transactions. The company's previous share repurchase program expired on June 30, 2017. The authorization provides Radian the flexibility to repurchase shares opportunistically from time to time and spend up to $50 million, based on market and business conditions, stock price and other factors. The authorization is effective immediately and expires on July 31, 2018. Radian plans to utilize a Rule 10b5-1 plan, which would permit the company to purchase shares, at pre-determined price targets, when it may otherwise be precluded from doing so.
Radian Group is a holding company. Through its subsidiaries, Co. provides mortgage insurance and other products and services to the real estate and mortgage finance industries through its two business segments: Mortgage Insurance and Real Estate. Co.'s Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, as well as other credit risk management solutions, to mortgage lending institutions and mortgage credit investors. Co.'s Real Estate segment provides array of products and services to market participants across the real estate value chain including title, valuation, asset management and other real estate services.
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Strong Buy (3.75 out of 4)