Radian Group Stock Price, News & Analysis

Radian Group Inc. (NYSE: RDN) has announced a conference call scheduled for May 4, 2023 at 12:00 p.m. Eastern time, to discuss its first-quarter results for 2023. The earnings report will be released after market close on May 3, 2023.

The call will be available via a live webcast on the company’s website, allowing investors to follow along. Those wishing to participate in the Q&A session can register in advance to receive dial-in instructions. It is recommended that attendees log in 10 minutes early to ensure proper connectivity.

A digital replay of the conference call will be accessible on Radian's website two hours post-broadcast and will remain available for one year. Radian is dedicated to providing innovative mortgage insurance and real estate services.

Radian Group Inc. (NYSE: RDN) has announced the appointment of Sumita Pandit as Senior Executive Vice President and Chief Growth Officer, effective March 6, 2023. Pandit will join the executive leadership team, focusing on developing and implementing long-term strategic growth plans. CEO Rick Thornberry expressed confidence in Pandit's experience, particularly in digital transformation within financial sectors. Pandit previously served as COO at dLocal and held leadership roles at J.P. Morgan and Goldman Sachs. This strategic move aims to leverage Radian's strong capital position and accelerate its growth strategy in the evolving mortgage and real estate markets.

Radian Group Inc. (NYSE: RDN) has approved a quarterly dividend of $0.225 per share, marking a 12.5% increase from the previous dividend. This dividend, part of a consistent capital return strategy, will be paid on March 15, 2023, to stockholders of record as of February 27, 2023. Over the last three years, Radian has increased its dividend by 80%. Additionally, a new share repurchase program allows for up to $300 million in share buybacks. Recent actions include a $282 million capital return and a planned $300-$400 million in dividends from Radian Guaranty in 2023.

Radian Group Inc. (NYSE: RDN) has appointed Fawad Ahmad to its Board of Directors. Ahmad, a technology leader and insurance executive, brings significant experience in digital transformation and analytics from his previous roles at State Farm, Staples, and eBay. His expertise is expected to enhance Radian's strategic initiatives in mortgage and real estate, positioning the company for digital advancement. Board Chairman Howard B. Culang and CEO Rick Thornberry emphasized the importance of Ahmad’s customer-focused technological insights to create shareholder value and address evolving market demands.

Radian Group Inc. (NYSE: RDN) reported a fourth-quarter net income of $162.3 million, or $1.01 per diluted share, a decrease from $193.4 million a year earlier. For 2022, net income reached $742.9 million, or $4.35 per diluted share, up from $600.7 million in 2021. The company’s return on equity for the year was 18.2%, with adjusted net operating return on equity at 20.3%. Radian also increased its primary mortgage insurance in force by 6.1% year-over-year to $261 billion and repurchased $400 million of shares in 2022. Plans for recurring dividends from Radian Guaranty are anticipated starting Q1 2023.

Radian Group (NYSE: RDN) announced it will begin paying recurring ordinary dividends for the first time since 2007, with projections between $300 and $400 million for 2023. This follows a series of capital actions completed by year-end 2022, including the novation of $276 million of Radian Reinsurance risk and the merger of Radian Reinsurance into Radian Guaranty, adding $325 million in statutory assets. The company also approved a new $300 million share repurchase program, enhancing shareholder value. A conference call is scheduled for February 9, 2023, to discuss these developments and fourth-quarter results.

Radian Group Inc. (NYSE:RDN) announced that its 2022 "Opens Doors Opens Hearts" fundraising campaign raised $154,580 for the MBA Opens Doors Foundation. Nearly 300 donors contributed over $77,000, surpassing the fundraising goal, with Radian matching all donations. The foundation supports families of critically ill children with mortgage and rental assistance, providing grants of up to $2,500. Since 2018, Radian's efforts have raised over $650,000 for the foundation, marking a 36% increase in donations from the previous year.

Radian Group Inc. (NYSE: RDN) has announced a quarterly dividend of $0.20 per share, payable on December 2, 2022, for stockholders of record as of November 21, 2022. The company focuses on promoting responsible homeownership through mortgage insurance and various real estate services. Radian leverages technology and data to enhance their operations, providing innovative solutions to manage risk in the mortgage sector.

Radian Group reported strong financial results for Q3 2022, with a net income of $198 million or $1.20 per diluted share, significantly up from $126.4 million or $0.67 per diluted share a year ago. Adjusted diluted net operating income was $1.31 per share. The return on equity rose to 20.7%, and total primary mortgage insurance in force increased 7.3% year-over-year to $259 billion. Radian repurchased 19.5 million shares, representing 11.1% of total shares outstanding, demonstrating effective capital management.