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Radian Group Inc. - RDN STOCK NEWS

Welcome to our dedicated page for Radian Group news (Ticker: RDN), a resource for investors and traders seeking the latest updates and insights on Radian Group stock.

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, is a leading provider of private mortgage insurance (MI) and related risk management products and services across the United States. Through its principal operating subsidiary, Radian Guaranty Inc., the company offers essential services that promote and preserve homeownership opportunities. By offering mortgage insurance, Radian protects lenders from default-related losses on residential first mortgages and facilitates the sale of low-downpayment mortgages in the secondary market.

Beyond mortgage insurance, Radian Group extends its services to analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities, including other asset-backed securities. This comprehensive approach positions Radian as a crucial player in the real estate and mortgage finance industries.

Radian Group operates primarily in two segments: Mortgage and homegenius. The Mortgage segment, which accounts for the majority of the company’s revenue, includes mortgage insurance and related services. The homegenius segment encompasses real estate services and analytics, offering innovative solutions designed to assist in the buying, selling, and management of real estate assets.

The company remains financially robust, with insurance premiums contributing to more than three-fourths of its revenue. Radian also gains revenue from services and investment income, ensuring a diversified income stream. Recent achievements and current projects underscore Radian’s commitment to enhancing its service offerings and expanding its market reach.

For more information and the latest updates, connect with Radian Group Inc. through their various social media channels: Watch their videos on YouTube, visit their Facebook page, follow job postings and career information at Radian Careers, and join their LinkedIn group at Radian Careers.

News

Radian Announces Increase to Quarterly Dividend

Rhea-AI Summary
Radian Group Inc. (NYSE: RDN) has announced an increased quarterly dividend of $0.245 per share, a 9% rise from the previous dividend. The dividend will be payable on March 12, 2024, to stockholders of record as of February 26, 2024. This marks the fifth consecutive year of dividend increases, totaling a 96% increase over the past four years. CEO Rick Thornberry highlighted the company's financial strength and commitment to returning capital to stockholders.
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Radian Announces Fourth Quarter and Full Year 2023 Financial Results

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Radian Group Inc. (NYSE: RDN) reported a net income of $143 million for the fourth quarter of 2023, with a full year net income of $603 million. The full year return on equity was 14.5%, with a book value per share growth of 15% year-over-year to $28.71. The total revenue grew by 4% year-over-year to $1.2 billion, and the primary mortgage insurance in force reached an all-time high of $270 billion. The company returned $279 million of capital to shareholders during the year via dividends and share repurchases.
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Radian Announces Strategic Investment in FinLocker to Focus on Delivering a Personalized Data-Driven Journey to Empower Homeownership

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Radian Group Inc. (NYSE: RDN) has made a strategic investment in FinLocker, a personal financial fitness and homeownership tool. The investment aligns with Radian’s commitment to homeownership through personalized financial data analysis and mortgage eligibility paths. FinLocker empowers consumers with financial account management, budgeting, credit score monitoring, and tools to improve credit and save for a down payment. The platform also offers mortgage and financial education, enhancing privacy and security for consumers.
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Radian Announces S&P Upgrade of Radian’s Financial Strength and Credit Ratings and Webcast of Fourth Quarter Conference Call

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Radian Group Inc. (RDN) received an upgrade in its long-term insurer financial strength and issuer credit ratings from S&P Global Ratings, with Radian Guaranty Inc. seeing an upgrade to A- from BBB+ and Radian Group Inc. to BBB- from BB+. The outlook for both ratings is stable. S&P cited Radian's underwriting discipline and strong earnings as reasons for the upgrade. The company also announced a conference call to discuss its fourth quarter and full year 2023 results on February 8, 2024.
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Radian Improves Score in Human Rights Campaign Foundation’s 2023 Corporate Equality Index

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Radian Group Inc. (NYSE: RDN) scores 90 out of 100 on the Human Rights Campaign Foundation’s 2023 -2024 Corporate Equality Index, showing a steady increase since 2020. The company's commitment to an inclusive workplace is highlighted in their latest DEI Annual Report, emphasizing the value of diversity, equity, and inclusion in contributing to their success.
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Radian’s Fundraising Campaign for MBA Opens Doors Foundation Surpasses Donation Goal

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Radian Group Inc. (RDN) raises $216,090 in its annual 'Opens Doors Opens Hearts' campaign to benefit the MBA Opens Doors Foundation, exceeding the fundraising goal. The company matched the funds, bringing the total impact to over $432,180. Radian's CEO expresses gratitude for the employees, friends, families, and business partners who contributed. The company has been a long-time supporter of the MBA Opens Doors Foundation, with the annual fundraiser initiative generating over $880,000 since 2018. Radian's commitment to charitable work is part of its broader Corporate Responsibility Program, aligning with its goal to be a responsible corporate citizen with a positive impact in the community.
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Radian Declares Regular Quarterly Dividend

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Radian Group Inc. (NYSE: RDN) approves regular quarterly dividend of $0.225 per share, payable on December 12, 2023, to stockholders of record as of November 27, 2023. This announcement indicates the company's commitment to rewarding its shareholders through consistent dividend payments, reinforcing investor confidence and potentially attracting new investors.
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Radian Announces Third Quarter 2023 Financial Results

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Radian Group Inc. reported net income of $157 million, or $0.98 per diluted share, for the quarter ended September 30, 2023. Primary mortgage insurance in force increased 4% year-over-year to $269.5 billion. Book value per share grew 12% year-over-year to $26.69. The company purchased 1.9 million shares or $50 million of Radian Group common stock during the quarter. Radian Guaranty improved its capital position and risk distribution program with the closing of the $353 million ILN and $246 million excess-of-loss reinsurance agreements in October 2023.
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Radian to Webcast Third Quarter Conference Call

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Radian Group Inc. to hold conference call to discuss Q3 2023 results
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Radian Announces Closing of $353 Million Mortgage Insurance-Linked Notes Transaction

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Radian Group Inc. obtains $353 million of excess of loss reinsurance coverage from Eagle Re
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FAQ

What is the current stock price of Radian Group (RDN)?

The current stock price of Radian Group (RDN) is $33.59 as of November 20, 2024.

What is the market cap of Radian Group (RDN)?

The market cap of Radian Group (RDN) is approximately 5.0B.

What does Radian Group Inc. specialize in?

Radian Group Inc. specializes in private mortgage insurance and related risk management products and services, aimed at promoting and preserving homeownership opportunities in the United States.

Where is Radian Group Inc. headquartered?

Radian Group Inc. is headquartered in Philadelphia, Pennsylvania.

What are the main revenue streams for Radian Group Inc.?

The main revenue streams for Radian Group Inc. include insurance premiums, services revenue, and investment income.

What are the two primary segments in which Radian operates?

Radian operates primarily in two segments: Mortgage and homegenius.

How does Radian's mortgage insurance benefit lenders?

Radian’s mortgage insurance protects lenders from default-related losses on residential first mortgages and facilitates the sale of low-downpayment mortgages in the secondary market.

What is the function of the homegenius segment within Radian?

The homegenius segment focuses on real estate services and analytics, providing innovative solutions for buying, selling, and managing real estate assets.

How can one connect with Radian Group Inc. on social media?

You can connect with Radian Group Inc. on YouTube, Facebook, the Radian Careers page, and their LinkedIn group.

What additional services does Radian provide beyond mortgage insurance?

Beyond mortgage insurance, Radian provides analytics and consulting services for buyers, sellers, and investors in mortgage- and real estate-related loans and securities.

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Radian Group Inc.

NYSE:RDN

RDN Rankings

#1296 Ranked by Market Cap
#1076 Ranked by Dividends

RDN Stock Data

5.02B
147.31M
1.09%
98.38%
3.35%
Insurance - Specialty
Surety Insurance
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United States of America
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