Radian Group Stock Price, News & Analysis

Radian Group Inc. (NYSE: RDN) has announced a quarterly dividend of $0.125 per share, payable on March 4, 2021, to shareholders of record by February 22, 2021. This decision reflects the company's commitment to returning value to its investors amidst its operations in mortgage insurance and real estate services. Radian aims to ensure sustainable homeownership through innovative technology and comprehensive services.

Radian Guaranty Inc. released its January 2021 operational statistics, highlighting key credit performance metrics for its insured portfolio. The report indicates a beginning primary default inventory of 55,537 loans, with 4,664 new defaults and (5,674) cures. Claims paid totaled (41), and rescissions and claim denials netted 2. The ending primary default inventory decreased to 54,488 loans, reflecting a slight improvement in loan performance.

The Radian Home Price Index (HPI) revealed strong performance in the U.S. residential real estate market for December 2020, with home prices rising from the end of November at an annualized rate of 8.5%. For the full year, the Radian HPI increased by 8.0% year-over-year. Key highlights include a record average sales price of $381,316, the shortest days on market to sale at 93, and a total of 3.6 million closed sales. The final quarter saw home prices rise an annualized 9.3%, indicating robust demand amidst limited supply.

Radian Group (NYSE: RDN) will hold a conference call on February 25, 2021, at 10:00 a.m. Eastern time to discuss its fourth quarter and year-end results for 2020. The financial results will be announced after the market closes on February 24, 2021. Investors can access the call via the Radian website or by dialing 888.771.4371 within the U.S. A digital replay will be available for two weeks post-broadcast. Radian is committed to promoting responsible homeownership through its mortgage insurance and related services.

Radian Guaranty Inc. reported its December 2020 operating statistics, highlighting key credit performance metrics for its insured portfolio. The month's figures show a total of 4,659 new primary defaults, a slight decrease from November's 4,807 defaults. Cures for the month outpaced new defaults at (6,244), contributing to an ending primary default inventory of 55,537 loans, down from 57,176 in November. This performance indicates Radian's effective management during ongoing pandemic challenges, including forbearance impacts.

Radian Group announced the appointment of Mary Dickerson as Executive Vice President and Chief People Officer. She will oversee all human resources functions, including Workforce Strategy, Compensation, and Diversity. Dickerson replaces Anita Scott, who retired after over 20 years. With more than 20 years of HR experience, Dickerson aims to enhance Radian's people programs in line with its growth strategy. Her previous roles include positions at DLL Group and XL Catlin. CEO Rick Thornberry expressed confidence in her leadership to drive future success.

The Radian Home Price Index (HPI) indicates a notable rise in U.S. home prices, with a monthly increase of 9.8% annualized from October to November 2020. The median home price reached $266,754, reflecting a year-to-date increase of over $16,400. Despite seasonal slowdowns, demand remains strong, evidenced by record low inventory levels and a 9.4% rise in prices over the last six months. However, the impending expiration of federal eviction moratoriums could temper future price appreciation.

Radian Group (NYSE:RDN) announced that Senior VP Suzanne Powell has been recognized as one of HousingWire's 2020 Tech Trendsetters for her leadership in technology innovations enhancing the housing economy. She has spearheaded the development of Robotic Process Automation tools, streamlining operations and improving employee efficiency. Radian continues to focus on technology-driven products like RADAR Rates and Radian Ready, aiming to transform mortgage and real estate services. CEO Rick Thornberry praised Powell's efforts in integrating data and analytics into Radian's offerings.

Radian Guaranty Inc. released its monthly operating statistics for November 2020, indicating a total of 4,807 new primary defaults, compared to 5,086 in October 2020. The beginning primary default inventory decreased to 59,604 loans from 62,737. Total cures increased with (7,183) compared to (8,140) in the previous month. Claims paid dropped to (54) from (78). The ending primary default inventory stands at 57,176 loans as of November 2020.