Radian Group Stock Price, News & Analysis

Radian Group Inc. (NYSE: RDN) will hold a conference call on November 3, 2022, at 12:00 p.m. Eastern time, to discuss its Q3 2022 results, which will be announced after market close on November 2, 2022. The call will be accessible via a live webcast on Radian's website or by phone after registering online. A digital replay will be available approximately two hours after the event and can be accessed for one year. For more information and financial details, visit Radian's investor page.

According to the homegenius Home Price Index, U.S. home prices rose by an annualized 12.0% in August, indicating a slowdown from previous months. This is the second consecutive month of declining appreciation rates following a peak of 18.8% in June 2022. The median home price now stands at $338,692, with homes appreciating by over $88,000 since March 2020. Despite this slowdown, homeowner equity remains high, and inventory levels are low, which may sustain above-average appreciation rates in certain regions.

Radian Group Inc. (NYSE: RDN) has announced a quarterly dividend of $0.20 per share, payable on September 1, 2022, to shareholders on record as of August 22, 2022. This decision reflects the company's commitment to returning value to its investors as it continues to shape the future of mortgage and real estate services. Radian is known for its mortgage insurance products and a suite of related services that promote sustainable homeownership.

Radian Group reported a net income of $201 million for Q2 2022, translating to $1.15 per diluted share, compared to $155.2 million or $0.80 in Q2 2021. The company's total primary mortgage insurance in force rose 7.1% year-over-year to $254 billion. Adjusted diluted net operating income stood at $1.36 per share. A provision for losses of $(114 million) was attributed to favorable developments on prior defaults. Radian's return on equity was 19.9%, with total liquidity of $1 billion. Moody's upgraded Radian's credit rating, indicating strong financial health.

Home prices in the U.S. rose at an annualized rate of 15.5 percent in the first half of 2022, according to the homegenius Home Price Index (HPI) data from Radian Group Inc. The median home price reached $330,776 in June, with a second-quarter increase of 17.6 percent. Despite rising mortgage rates, demand remains strong due to a housing shortage. The absorption rate in June was 34.8 percent, the second highest for June sales. All regions experienced positive appreciation rates, particularly in the South, while Idaho saw a decline.

homegenius has partnered with RE/MAX to enhance real estate efficiency through advanced technology. This collaboration provides RE/MAX agents in the U.S. access to the geniusprice platform, which simplifies market analysis and lead generation. The geniusprice technology improves property evaluations using AI-driven insights, enabling quicker and more accurate price estimates. This partnership signifies homegenius' growth in the U.S. market and supports RE/MAX professionals in delivering expert services to their clients.

Radian Group Inc. (NYSE: RDN) will host a conference call on August 2, 2022, at 10:00 a.m. Eastern time to discuss its second quarter 2022 results. These results will be released after market close on August 1, 2022. The call will be webcast live on Radian's website, and participants can access it by registering in advance for dial-in information. A digital replay will be available on Radian's site for one year after the event.

Radian focuses on providing mortgage insurance and real estate services, supporting the dream of homeownership.

Radian Group Inc. (NYSE: RDN) has launched Radian Mortgage Capital LLC (RMC), a new conduit to enhance secondary-market options for mortgage lenders and investors. RMC aims to leverage Radian's extensive lender relationships to aggregate and manage residential mortgage credit risk. CEO Rick Thornberry emphasized RMC's role in deepening relationships within the mortgage ecosystem, while the Mortgage Business President highlighted the growing need for secondary market options among mortgage insurance customers. This strategic move aligns with Radian's focus on innovative mortgage solutions.

Home prices in the United States set a record with an annualized appreciation of 18.0 percent in May 2022, according to data from the homegenius Home Price Index (HPI) by Radian Group. The median estimated home price rose to $325,684, reflecting a 15.5 percent increase over the last three months. This growth is influenced by a decline in lower-priced homes sold, which fell to the lowest on record. Rising mortgage rates, up 285 basis points since January, may slow this appreciation.