Radian Group Stock Price, News & Analysis

Radian Group Inc. (NYSE: RDN) will conduct a conference call on May 5, 2021, at 10:00 a.m. Eastern Time to discuss its Q1 2021 financial results, which will be released after market close on May 4. Investors can listen to the call live via the webcast on Radian’s website or by dialing 800.447.0521 in the U.S. A digital replay will be available two hours post-broadcast for two weeks. Radian offers mortgage insurance and various real estate services, striving to enhance homeownership responsibly.

Radian Guaranty Inc. reported March 2021 operating statistics for its insured mortgage portfolio, revealing a total of 3,314 new primary defaults and a decrease in beginning primary default inventory to 52,882 loans. The ending primary default inventory dropped to 50,106 loans. In March, cures reached (6,043), indicating successful resolution of previously defaulted loans. Claims paid amounted to (45). The statistics reflect the impact of ongoing forbearance programs due to the COVID-19 pandemic.

Radian Group Inc. (NYSE: RDN) reports a significant rise in home prices across the U.S. in February 2021, with an annualized increase of 8.2%. The Radian Home Price Index (HPI) indicates a year-over-year rise of 8.3%, reflecting resilience post-pandemic. The median home price reached $272,186, up over $20,800 from February 2020. Additionally, homes appreciated 9.3% over the last six months amid low supply and high demand. Positive trends were noted in nearly all states, with record sales and low active listings, marking a strong start to the housing market in 2021.

Radian Guaranty Inc. released its February 2021 credit performance metrics for its mortgage insurance portfolio, showing a decrease in total new primary defaults to 3,873 from 4,664 in January. The beginning primary default inventory stands at 54,488, slightly down from 55,537 in January. Cures improved, with 5,420 cures reported in February compared to 5,674 in January. Claims paid slightly increased to 57 from 41 in January, while ending primary default inventory is 52,882.

Radian Group reported net income of $148.0 million for Q4 2020, down from $161.2 million in Q4 2019, translating to $0.76 per diluted share compared to $0.79 previously. For the entire year, net income was $393.6 million, a decline from $672.3 million in 2019. The company noted a 47.2% increase in New Insurance Written (NIW) to $105.0 billion in 2020. However, provision for losses surged to $483.3 million due to pandemic impacts. Book value per share increased by 11% to $22.36.

Radian Group Inc. (NYSE: RDN) reported that home prices in the U.S. rose at an annualized rate of 7.5% from December 2020 to January 2021, reflecting a slight slowdown from previous months. The national median home price reached $270,334, while distressed sales hit an all-time low of 11,212 units, accounting for just 4.9% of total sales. Over the past year, home prices increased 8.0% year-over-year. The Southwest region saw the only acceleration in price appreciation, while the South region recorded the highest growth at 8.9%.

Radian Group (NYSE:RDN) anticipates ongoing digital transformation in the mortgage and real estate sectors throughout 2021, fueled by technology advancements. Senior Executive VP Eric Ray highlighted the need for innovation driven by the pandemic, which has increased demand for digital services. Key innovations include AI-driven home valuation technologies, dynamic mortgage insurance pricing, and streamlined title insurance processes. Radian also introduced tools such as RADAR Rates and MyRadian, enhancing customer engagement and operational efficiency, while continuing to adapt to market changes.

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.