Radian Group Stock Price, News & Analysis

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.

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.

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.

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.

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.

Radian Group Inc. (NYSE: RDN) announced the retirement of Herbert Wender as Non-Executive Chairman, effective after the Annual Meeting of Stockholders in May 2022. Wender's retirement marks the end of a significant tenure during which he contributed to Radian's growth as a leading mortgage insurance provider. Howard B. Culang will succeed him as Non-Executive Chairman. Culang, a director since 1999, brings over two decades of experience in the mortgage industry. Radian continues to focus on providing innovative digital solutions across the mortgage and real estate sectors.

Radian Group announced a quarterly dividend of $0.14 per share payable on September 2, 2021, to stockholders of record by August 23, 2021. Additionally, the Board approved a $200 million increase to its share repurchase authorization, raising the total available to $237 million. The repurchase program has been extended to August 31, 2022. CEO Rick Thornberry highlighted the company's strong financial results and prudent capital management, detailing that over the past five years, Radian repurchased 35 million shares for $739 million and returned $155 million through dividends.

Radian Group reported strong Q2 2021 results with a net income of $155.2 million, or $0.80 per diluted share, rebounding from a $30.0 million loss in Q2 2020. Adjusted pretax operating income rose to $184.7 million, compared to a loss of $88.5 million a year prior. The company increased its quarterly dividend by 12% and repurchased 3.9 million shares. Despite challenges, Radian's book value per share grew by 11% year-over-year to $23.02.

Radian Group's Home Price Index (HPI) reported a significant rise in U.S. home prices, increasing 10.7% annually in the first half of 2021. The median home price reached $282,967 in June 2021, reflecting an 11.7% increase during Q2. The HPI's year-over-year growth of 10.2% shows ongoing strength in the housing market, with over 370,000 real estate closings in June. However, listing inventory remains historically low at around 968,000 units. Various regions, including the West, showed notable price appreciation, indicating a robust demand for homes despite limited supply.