Radian Group Inc. Buyback
OLI recorded this information on 8/9/2017
Company:
Radian Group Inc.
Buyback:
RDN buyback
$Amount Authorized:
$50,000,000
Buyback Details:
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. focuses on a mortgage and real estate business, providing both credit-related mortgage insurance coverage and an array of other mortgage, risk, title, real estate and technology products and services. Co. has two reportable business segments: Mortgage, which provides credit-related insurance coverage, principally through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting and fulfillment solutions; and homegenius, which is primarily a business that provides an array of products and services to market participants across the real estate value chain.
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Avg. Broker Rec.
  
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Hold (2.37 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: RDN Stock Forecast Based on Zacks ABR data; powered by Xignite |
