STOCK TITAN

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.

Rhea-AI Summary

In September 2021, the Radian Home Price Index reported a 17.6% annualized increase in home prices, marking six consecutive months of record growth. The median national home price soared to $294,488, rising significantly since the pandemic began. While demand remains high, the number of homes for sale is at a 13-year low. The South and West regions experienced the highest appreciation rates at 20.4% and 18.3%, respectively. Radian's HPI, derived from over 70 million addresses, aims to provide a comprehensive view of the U.S. housing market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
none
-
Rhea-AI Summary

Radian Group reported a net income of $126 million ($0.67 per diluted share) for Q3 2021, down from $135.1 million ($0.70 per share) in Q3 2020. New Insurance Written grew 23% quarter-over-quarter to $26.6 billion, while primary mortgage insurance in force increased to $241.6 billion. The book value per share rose 9% year-over-year to $23.48. Homegenius revenues surged 51% year-over-year, totaling $45.1 million. Share buybacks included 7.1 million shares for $158.3 million. The company's liquidity stood at $1 billion, evidencing solid financial health.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.42%
Tags
-
Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) has priced $484 million in mortgage insurance-linked notes (ILNs) through its subsidiary, Eagle Re 2021-2 Ltd. This 12.5-year issuance aims to provide fully collateralized excess of loss reinsurance protection for existing mortgage insurance policies. Coverage is set to begin at a 2.25% cumulative claim rate, rising to a 6.75% aggregate detachment level. The transaction is expected to close on November 9, 2021. The ILNs are unregistered and non-recourse to Radian Group and its affiliates.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none
Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) will host a conference call on November 3, 2021 at 11:00 a.m. Eastern time to discuss its third quarter 2021 results. The results will be announced following market close on November 2, 2021. Investors can access the live broadcast via Radian's website or by calling 800.447.0521 (U.S.) or 847.413.3238 (international) with passcode 50246248. A digital replay will be available for two weeks post-call.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
conferences
-
Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) launched the "Opens Doors Opens Hearts" fundraiser supporting the Mortgage Bankers Association’s Opens Doors Foundation. The initiative aids families with critically ill children in paying rent or mortgage during treatment. For every $50 raised, Radian sends a door decoration kit to hospitalized children and matches donations until October 22, 2021. Radian's ongoing commitment includes a $400,000 pledge over four years to enhance the foundation's partnership with the Children’s Hospital of Philadelphia.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none
-
Rhea-AI Summary

Radian Group Inc. has announced a shift back to quarterly reporting of its operating statistics, marking an end to its monthly updates initiated during the COVID-19 pandemic. This decision reflects improving market conditions. The press release includes key metrics for September 2021, reporting a decrease in the beginning primary default inventory to 36,004 from 38,347 in August. New primary defaults increased to 2,791 compared to 2,592 in the previous month, while cures rose notably, reflecting positive adjustments in loan performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
none
Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) reports a significant increase in U.S. home prices, with a 15.9% annualized rise in August, marking the third consecutive month of record growth. The Radian Home Price Index (HPI), deemed a top measure for housing market conditions, shows a 13.2% increase over the past six months. The median home price has reached $290,225, driven by robust demand for higher-priced homes. Despite slight softening signals, experts maintain a cautiously optimistic outlook, as the impact of ending emergency benefits may be limited for now.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
Tags
none
-
Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) has expanded its innovative title insurance and closing services platform, titlegenius, into Arizona, California, Nevada, Ohio, and Pennsylvania, following its launch in Florida. The platform simplifies and secures the title insurance ordering process for consumers, providing transparency, competitive pricing, and efficient workflows for real estate agents. The company plans to further enhance its service offerings under its homegenius brand.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
none
-
Rhea-AI Summary

Radian Guaranty Inc., a subsidiary of Radian Group Inc. (NYSE: RDN), reported key credit performance metrics for August 2021. The total beginning primary default inventory decreased to 38,347 loans, compared to 40,464 in July 2021. New defaults were 2,592, slightly lower than July's 2,749. Cures totaled (4,784), indicating improved financial health. The ending primary default inventory also saw a decline to 36,004 from 38,347 the previous month, reflecting effective management of credit risk in its insured portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) has reported a significant rise in home prices across the U.S., with the Radian Home Price Index (HPI) showing a month-over-month increase of 14.7% from June to July 2021. The median home price is now $286,434, reflecting a 10.9% year-over-year rise. Despite increased inventory, the demand remains high, contributing to shorter market times, with homes averaging only 66 days on the market. While price appreciation continues, affordability is declining, potentially impacting future housing activity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
none

FAQ

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

The current stock price of Radian Group (RDN) is $33.94 as of February 4, 2025.

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

The market cap of Radian Group (RDN) is approximately 5.1B.

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.
Radian Group Inc.

NYSE:RDN

RDN Rankings

RDN Stock Data

5.06B
147.40M
1.04%
98.73%
6.54%
Insurance - Specialty
Surety Insurance
Link
United States of America
WAYNE