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) news hub provides essential updates on this leading provider of private mortgage insurance and risk management solutions. Track official announcements and market developments related to residential credit risk mitigation, real estate services innovations, and strategic business initiatives.
This comprehensive resource aggregates Radian's financial disclosures, operational milestones, and industry analyses. Investors will find timely updates on mortgage insurance portfolio performance, credit risk management strategies, and real estate technology advancements, while analysts can monitor regulatory impacts and market positioning.
Key content includes earnings reports, partnership announcements, underwriting methodology updates, and secondary market liquidity developments. All materials maintain factual accuracy and regulatory compliance, serving both institutional professionals and individual investors researching the mortgage finance sector.
Bookmark this page for structured access to Radian Group's evolving role in enabling responsible homeownership through risk mitigation solutions. Verify time-sensitive details through linked source documents and SEC filings.
Radian Group announced a collaboration with BatchService to offer its titlegenius platform to BatchService's real estate investor community. This partnership aims to provide a secure, transparent, and efficient digital solution for title and home closing services. Users will benefit from real-time updates, competitive pricing, and on-demand support from escrow officers. The platform promises potential savings of up to 25% on closing costs compared to other providers and allows investors to manage all transactions in one place. This move aligns with BatchService's commitment to tech-forward, value-driven solutions for real estate professionals.
Radian Group (NYSE: RDN) held its 2024 Annual Meeting of Stockholders, where all eleven directors were re-elected for one-year terms. Gaetano (Guy) J. Muzio retired after his significant contribution since 2012. Stockholders approved all board-recommended proposals, including executive compensation and the appointment of PricewaterhouseCoopers LLP as auditors for 2024. CEO Rick Thornberry highlighted Radian's ongoing commitment to managing mortgage credit risk and expanding access to affordable homeownership.
Radian Group (NYSE: RDN) has announced an increase in its share repurchase authorization from $300 million to $900 million, extending the program to June 30, 2026. This move allows the company to repurchase an additional $600 million in shares, depending on market and business conditions. As of March 31, 2024, Radian has already repurchased approximately 7 million shares for a total of $183 million. Additionally, the Board of Directors has approved a regular quarterly dividend of $0.245 per share, payable on June 20, 2024, to stockholders of record as of June 4, 2024.
Radian Group Inc. (NYSE: RDN) reported net income of $152 million for Q1 2024, with diluted EPS of $0.98. The company achieved a return on equity of 13.8% and adjusted net operating return on equity of 14.5%. Key highlights include a 4% growth in primary mortgage insurance in force to $271 billion, total revenue growth of 3% year-over-year to $319 million, and a 12% growth in book value per share to $29.30. Radian completed a $625 million senior notes offering and redemption of $525 million senior notes in the quarter.
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