Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management and contract underwriting solutions. This segment primarily serves mortgage originators, such as mortgage bankers, commercial banks, savings institutions, credit unions, and community banks. The company's Real Estate segment offers title services, including a suite of insurance and non-insurance title, tax and title data, centralized recording, document retrieval and default curative title services, and deed and property reports, as well as closing and settlement services comprising electronic execution, traditional signing, and centralized and local closing and settlement services; real estate valuation products and services; and asset management services, as well as other real estate products and services to assist agents in facilitating residential real estate transactions, such as software as a service solution, real estate data products, and real estate transaction services. This segment provides its mortgage and real estate services to mortgage lenders, mortgage and real estate investors, government-sponsored enterprises, and real estate brokers and agents. The company was founded in 1977 and is headquartered in Philadelphia, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: radian.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2024 | $35.00 → $36.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/4/2024 | $36.00 → $35.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 12/13/2023 | $29.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/6/2023 | $28.00 | Neutral | UBS |
| 11/15/2023 | $28.00 | Equal Weight | Barclays |
| 6/13/2023 | $27.50 | Outperform → Mkt Perform | Keefe Bruyette |
| 5/9/2023 | Buy → Underperform | BofA Securities | |
| 4/11/2023 | $29.00 | Neutral → Buy | Compass Point |
| 1/6/2023 | $24.00 → $21.00 | Overweight → Equal Weight | Barclays |
| 12/15/2022 | $24.00 | Neutral → Buy | BofA Securities |
8-K - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
10-Q - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
10-Q - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
8-K - RADIAN GROUP INC (0000890926) (Filer)
Keefe Bruyette upgraded Radian Group from Mkt Perform to Outperform and set a new price target of $36.00 from $35.00 previously
Keefe Bruyette downgraded Radian Group from Outperform to Mkt Perform and set a new price target of $35.00 from $36.00 previously
Keefe Bruyette upgraded Radian Group from Mkt Perform to Outperform and set a new price target of $29.00
UBS initiated coverage of Radian Group with a rating of Neutral and set a new price target of $28.00
Barclays initiated coverage of Radian Group with a rating of Equal Weight and set a new price target of $28.00
Keefe Bruyette downgraded Radian Group from Outperform to Mkt Perform and set a new price target of $27.50
BofA Securities downgraded Radian Group from Buy to Underperform
Compass Point upgraded Radian Group from Neutral to Buy and set a new price target of $29.00
Barclays downgraded Radian Group from Overweight to Equal Weight and set a new price target of $21.00 from $24.00 previously
BofA Securities upgraded Radian Group from Neutral to Buy and set a new price target of $24.00
4/A - RADIAN GROUP INC (0000890926) (Issuer)
Radian Group Inc. (NYSE:RDN) today announced that it will hold a conference call on Thursday, February 6, 2025, at 11:00 a.m. Eastern time to discuss the company's fourth quarter and full year 2024 results, which will be announced after the market closes on Wednesday, February 5, 2025. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below. The call may be accessed via telephone by registering for the call here to receive the dial-in numbers an
Radian Group Inc. (NYSE:RDN) announced today that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.245 per share, payable December 10, 2024, to stockholders of record as of November 25, 2024. About Radian Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, securitization, and title services. Powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate serv
— Third quarter net income of $152 million, or $0.99 per diluted share — — Return on equity of 13.2% — — Book value per share growth of 18% year-over-year to $31.37 — — Returned $86 million of capital to stockholders through dividends and share repurchases — — Holding company debt-to-capital ratio reduced to 18.5% following retirement of $450 million senior notes — — $185 million ordinary dividend paid from Radian Guaranty to holding company during the third quarter — — Available holding company liquidity of $844 million and PMIERs excess Available Assets of $2.1 billion — Radian Group Inc. (NYSE:RDN) today reported net income for the quarter ended September 30, 2024, of $152 million
Radian Group Inc. (NYSE:RDN) today announced that it will hold a conference call on Thursday, November 7, 2024, at 10:00 a.m. Eastern time to discuss the company's third quarter 2024 results, which will be announced after the market closes on Wednesday, November 6, 2024. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below. The call may be accessed via telephone by registering for the call here to receive the dial-in numbers and unique PIN. It
Radian Group Inc. (NYSE:RDN) announced today that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.245 per share, payable September 11, 2024, to stockholders of record as of August 26, 2024. About Radian Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, securitization, and title services. Powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate servi
— Second quarter net income of $152 million, or $0.98 per diluted share — — Return on equity of 13.6% — — Book value per share growth of 12% year-over-year to $29.66 — — Available Holding Company Liquidity increased to $1.2 billion following $200 million ordinary dividend from Radian Guaranty during the second quarter — — Share repurchase authorization increased to $900 million and extended through June 2026; $50 million of shares repurchased during the second quarter and $667 million of purchase authority remaining — Radian Group Inc. (NYSE:RDN) today reported net income for the quarter ended June 30, 2024, of $152 million, or $0.98 per diluted share. This compares with net incom
Radian Group Inc. (NYSE:RDN) today announced that it will hold a conference call on Thursday, August 1, 2024 at 12:00 p.m. Eastern time to discuss the company's second quarter 2024 results, which will be announced after the market closes on Wednesday, July 31, 2024. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below. The call may be accessed via telephone by registering for the call here to receive the dial-in numbers and unique PIN. It is
Radian Group Inc. (NYSE:RDN) announced its Board of Directors has approved an increase in its existing share repurchase program from $300 million to $900 million and a program extension to June 30, 2026. This expanded authorization will allow Radian the flexibility to repurchase an additional $600 million of shares based on market and business conditions, stock price and other factors, through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended). As of March 31, 2024, approximately 7 million shares for a total cost of $183 million, have been repurchas
— First quarter net income of $152 million, or $0.98 per diluted share — — Return on equity of 13.8% and adjusted net operating return on equity of 14.5% — — Default rate declines to 2.1% with highest quarterly cure rate in more than 20 years — — Primary mortgage insurance in force growth of 4% year-over-year to an all-time high of $271 billion — — Total revenue growth of 3% year-over-year to $319 million — — Book value per share growth of 12% year-over-year to $29.30 — — Completed $625 million senior notes offering and redemption of $525 million senior notes in the quarter — Radian Group Inc. (NYSE:RDN) today reported net income for the quarter ended March 31, 2024, of $152 m
Radian Group Inc. (NYSE:RDN) today announced that it will hold a conference call on Thursday, May 2, 2024 at 12:00 p.m. Eastern time to discuss the company's first quarter 2024 results, which will be announced after the market closes on Wednesday, May 1, 2024. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below. The call may be accessed via telephone by registering for the call here to receive the dial-in numbers and unique PIN. It is recomm
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Radian Group Inc. (NYSE:RDN) today announced that it will hold a conference call on Thursday, February 6, 2025, at 11:00 a.m. Eastern time to discuss the company's fourth quarter and full year 2024 results, which will be announced after the market closes on Wednesday, February 5, 2025. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below. The call may be accessed via telephone by registering for the call here to receive the dial-in numbers an
Sumita Pandit, Radian's Chief Financial Officer, to Assume Mortgage Insurance Oversight in New Role as Radian's President and Chief Financial Officer Radian Group Inc. (NYSE:RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer's retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian's mortgage insurance business in addition to her current responsibilities as Chief Financial Officer. This press release
Radian Group Inc. (NYSE:RDN) today announced that DBRS, Inc. (Morningstar DBRS) deems Radian Real Estate Management as an acceptable due diligence firm for business purpose loans and single-family rental Morningstar DBRS-rated residential mortgage-backed securities (RMBS) transactions. Radian Real Estate Management is the longest-standing provider of diligence and valuations for institutional single-borrower, single-family rental (SFR) securitizations, and warehouse lending transactions. This recognition solidifies the company's position as a trusted partner in due diligence services and highlights the role it has played in nearly all of the SFR securitizations brought to market in the Un
Appointment brings deep industry experience to buyside investment platform Elizabeth Park Capital Management, a leading alternative investments platform specializing in depository institutions, announced today the appointment of financial services veteran J. Franklin Hall as partner and deputy portfolio manager. Hall's extensive industry expertise and leadership is expected to play a key role in driving EPCM's growth and enhancing the firm's investment strategies and operations. "Frank's deep knowledge of the financial services sector, coupled with his track record of delivering operational excellence, makes him a tremendous asset to Elizabeth Park," said Fred Cummings, EPCM president a
Radian Group Inc. (NYSE:RDN) announced today that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.245 per share, payable December 10, 2024, to stockholders of record as of November 25, 2024. About Radian Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, securitization, and title services. Powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate serv
— Third quarter net income of $152 million, or $0.99 per diluted share — — Return on equity of 13.2% — — Book value per share growth of 18% year-over-year to $31.37 — — Returned $86 million of capital to stockholders through dividends and share repurchases — — Holding company debt-to-capital ratio reduced to 18.5% following retirement of $450 million senior notes — — $185 million ordinary dividend paid from Radian Guaranty to holding company during the third quarter — — Available holding company liquidity of $844 million and PMIERs excess Available Assets of $2.1 billion — Radian Group Inc. (NYSE:RDN) today reported net income for the quarter ended September 30, 2024, of $152 million
Radian Group Inc. (NYSE:RDN) today announced that it will hold a conference call on Thursday, November 7, 2024, at 10:00 a.m. Eastern time to discuss the company's third quarter 2024 results, which will be announced after the market closes on Wednesday, November 6, 2024. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below. The call may be accessed via telephone by registering for the call here to receive the dial-in numbers and unique PIN. It
- Implementation of PMIERs Updates is not expected to materially impact Radian Guaranty's capital position or PMIERs cushion Radian Guaranty Inc., the principal mortgage insurance subsidiary of Radian Group Inc. (NYSE:RDN), announced that updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) that were issued today by Fannie Mae and Freddie Mac (PMIERs Updates), are not expected to have a material impact on Radian Guaranty's capital position or PMIERs cushion. In addition, given the limited expected impact, the Company does not believe the PMIERs Updates will require Radian Guaranty to adjust its investment portfolio asset allocation. Instead, the Company expects that a
Radian Group Inc. (NYSE:RDN) announced today that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.245 per share, payable September 11, 2024, to stockholders of record as of August 26, 2024. About Radian Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, securitization, and title services. Powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate servi
New York, NY, Aug. 12, 2024 (GLOBE NEWSWIRE) -- SEDA Experts LLC, a leading expert witness firm providing world-class financial expert witness services, announced today that Howard Yaruss joined the firm as Managing Director. "We are delighted to add Howards experience and expertise to our roster," said Peter Selman, Managing Partner of SEDA Experts. Howard Yaruss is an accomplished real estate expert. He teaches in this field as an Adjunct Professor at NYU, as well as practicing as an expert witness in Mortgage, Financial Guaranty and Title Insurance. He formerly served as Executive Vice President, General Counsel, Chief Responsibility Officer, and member of the five-person manageme
Sumita Pandit, Radian's Chief Financial Officer, to Assume Mortgage Insurance Oversight in New Role as Radian's President and Chief Financial Officer Radian Group Inc. (NYSE:RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer's retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian's mortgage insurance business in addition to her current responsibilities as Chief Financial Officer. This press release
Appointment brings deep industry experience to buyside investment platform Elizabeth Park Capital Management, a leading alternative investments platform specializing in depository institutions, announced today the appointment of financial services veteran J. Franklin Hall as partner and deputy portfolio manager. Hall's extensive industry expertise and leadership is expected to play a key role in driving EPCM's growth and enhancing the firm's investment strategies and operations. "Frank's deep knowledge of the financial services sector, coupled with his track record of delivering operational excellence, makes him a tremendous asset to Elizabeth Park," said Fred Cummings, EPCM president a
Radian Group Inc. (NYSE:RDN) announced today that its stockholders re-elected all eleven of the company's directors, who serve one-year terms and are elected annually. As previously disclosed, Gaetano (Guy) J. Muzio, a director of the company since 2012, retired at the end of his current term following today's 2024 Annual Meeting. Muzio's retirement comes after a successful tenure where he played a key role in solidifying Radian's position as a leader in the mortgage and real estate industries. "Guy's extensive background in finance and mortgage credit, and his thorough and judicious analysis, have been tremendously valuable for the Board and his work will have a lasting impact on Radian'
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., announced today that lenders can now order Radian MI for delegated loans on the MI technology platform PMI Rate Pro. The offering will seamlessly integrate with Radian's ongoing presence on the PMI Rate Pro price comparison tool. "At Radian, we are committed to making it as convenient and cost-effective as possible for our customers to do business with us – and this is another exciting way to advance that objective," said Brien McMahon, Radian's Chief Franchise Officer. "We are pleased to join with PMI Rate Pro to provide loan officers and other industry professionals another easy and efficient way to utili
Radian Group Inc. (NYSE:RDN) today announced that Anne Leyden has been appointed to serve on its Board of Directors. Anne is a senior human capital management executive with broad consumer and business-to-business leadership experience in the financial services and consumer credit sectors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807034151/en/Anne Leyden, Radian Board Member (Photo: Business Wire) "Anne is an extremely talented leader and strategist, and we are very pleased to welcome her to the Radian Board," said Radian Board Chairman Howard B. Culang. "Throughout her career, Anne has demonstrated an impressive abilit
Radian Group Inc. (NYSE:RDN) today announced that Sumita Pandit has been named Senior Executive Vice President and Chief Financial Officer (CFO), effective immediately. She succeeds J. Franklin Hall in this role, who served as CFO until December 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230518005731/en/Sumita Pandit, Senior Executive Vice President, Chief Financial Officer, Radian (Photo: Business Wire) Pandit joined Radian in March 2023 as the company's first Chief Growth Officer, working with Chief Executive Officer Rick Thornberry and Radian's executive leadership team to develop and execute the company's long-term
Radian Group Inc. (NYSE:RDN) announced today that its stockholders re-elected all eleven of the company's directors, who serve one-year terms and are elected annually. In addition to the election of directors, the company's stockholders approved all other proposals recommended by the Board of Directors and presented for vote at Radian's 2023 Annual Meeting, including a proposal to approve the compensation of Radian's named executive officers ("say-on-pay"), and advisory proposals to approve the frequency of the say-on-pay advisory vote and ratify the appointment of PricewaterhouseCoopers LLP as the company's independent auditors for 2023. Chief Executive Officer Rick Thornberry addresse
Radian Group Inc. (NYSE:RDN) today announced that Sumita Pandit has been appointed Senior Executive Vice President and Chief Growth Officer effective March 6, 2023. Reporting to Radian's Chief Executive Officer Rick Thornberry, she will join the company's executive leadership team and lead activities associated with developing and implementing the company's long-term strategic growth plans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230223005999/en/Sumita Pandit, Chief Growth Officer, Radian (Photo: Business Wire) "I am delighted to have Sumita join our team and I look forward to working with her to develop and execute our co
Radian Group Inc. (NYSE:RDN) today announced that Fawad Ahmad has been appointed to serve on its Board of Directors. Ahmad is a highly respected technology leader and insurance executive who has led transformational digital initiatives at several industry-leading companies delivering digital, data and analytics innovation across the high-tech, e-commerce, retail, and insurance industries. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230213005621/en/Fawad Ahmad, Radian Board Member (Photo: Business Wire) "It is our pleasure to welcome Fawad to the Radian Board of Directors," said Radian Board Chairman Howard B. Culang. "Our Boar
Radian Group Inc. (NYSE:RDN) announced today that its stockholders re-elected all ten of the company's directors, who serve one-year terms and are elected annually. In addition to the election of directors, the company's stockholders approved all other proposals recommended by the Board of Directors and presented for vote at Radian's 2022 Annual Meeting, including an advisory proposal to approve the compensation of Radian's named executive officers and ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent auditors for 2022. Chief Executive Officer Rick Thornberry addressed the attendees of Radian's Annual Meeting by stating, "For 45 years, Radian has h