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. reports developments for a global multi-line specialty insurer with established U.S. private mortgage insurance operations and Inigo specialty insurance underwriting through Lloyd’s of London. Company news commonly covers quarterly and annual results, Mortgage and Specialty segment performance, mortgage insurance in force, premium yield, loss and expense ratios, book value, and capital management.
Other recurring updates include dividends, share repurchases, holding-company liquidity, distributions from Radian Guaranty, acquisition-related integration of Inigo, investor presentations, and board or executive changes.
Radian Group Inc. (NYSE: RDN) announced a 43% increase in its quarterly dividend, raising it to $0.20 per share, payable on March 3, 2022. This increase shows strong financial health and capital flexibility. Additionally, Radian authorized a $400 million share repurchase program, expiring in February 2024. The company recently received approval for a $500 million return of capital from Radian Guaranty. The financial results for Q4 and year-end 2021 will be discussed in a call on February 23, 2022.
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The Radian Home Price Index (HPI) reported a 15.9% annualized increase in national home prices from November to December 2021, marking ten consecutive months of over 10% appreciation. For the full year, the HPI rose 14.2%, almost double the 8.0% percent increase seen in 2020. The median estimated home price reached $307,022. The market is characterized by low supply and high demand, with December reporting only 708,000 active listings, the lowest since 2007.
Radian Group Inc. (NYSE: RDN) will hold a conference call on February 23, 2022, at 10:00 a.m. Eastern time to discuss its fourth quarter and year-end 2021 results. The results will be announced after the market closes on February 22, 2022. Investors can join the call via the Internet at Radian's webcast or by dialing 800.447.0521 (U.S.) or 847.413.3238 (international) with passcode 50275325. A digital replay will be available for two weeks following the call.
Radian Group Inc. (NYSE:RDN) announced that CEO Rick Thornberry has joined the Board of Directors of the Opens Doors Foundation, supporting families with critically ill children. Radian has a history of backing charitable initiatives, contributing $400,000 to partner with the Children’s Hospital of Philadelphia and raising significant funds through various campaigns. Thornberry aims to further Radian's commitment to homeownership and community support. The company encourages employee involvement in charity through its Corporate Citizenship Program, reinforcing its community commitment.
The Radian Home Price Index (HPI) indicates that U.S. home prices rose at an annualized rate of 17.1% from October to November 2021. The national median home price surpassed $300,000 for the first time, reaching $303,012, representing an increase of over $34,000 in 2021. However, appreciation rates have slowed since September's peak of 17.6%. Regional trends showed slower price growth across most U.S. states, with the South maintaining the highest appreciation rates. Despite these fluctuations, 2021 is set to record high sales activity.
Radian Group's October Home Price Index (HPI) data reveals a 17.3% annual rise, slightly down from September’s 17.6%. The median U.S. home price increased to $298,748, up over $30,000 since the start of 2021. Despite a slight slowdown in appreciation rates, the 12-month HPI growth reached a record 12.9%. Although the count of actively listed homes is at a historic low, closed sales in October remain strong, marking the second-highest monthly sales count. The South region leads in appreciation, with Idaho showing over 30% growth year-over-year.
Radian Group Inc. (NYSE: RDN) has announced a quarterly dividend of $0.14 per share, set to be paid on December 3, 2021, to shareholders on record as of November 22, 2021. This decision reflects the company's commitment to providing income to its shareholders while maintaining a strong position in the mortgage and real estate services industry. Radian aims to support homeownership through comprehensive financial products and services powered by technology and data.
Radian Group Inc. (NYSE: RDN) announced that its subsidiary, Radian Guaranty Inc., secured $484 million in fully collateralized excess of loss reinsurance from Eagle Re 2021-2 Ltd. This coverage pertains to mortgage insurance policies written predominantly from January 1, 2021 to July 31, 2021. Eagle Re, a Bermuda-based insurer, issued five classes of mortgage insurance-linked notes to fund this reinsurance, with ratings assigned by Moody’s and DBRS, Inc.
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.