Radian Group Stock Price, News & Analysis

Radian Group Inc. (NYSE: RDN) will hold a conference call on May 4, 2022, at 10:00 a.m. Eastern time to discuss its Q1 2022 results, announced after market close on May 3, 2022. Investors can access the call live on the internet at Radian's investor webcasts or dial in at 877.742.9092 (U.S.) and 270.833.1298 (international) using passcode 7364078. A digital replay will be available on Radian's website for two weeks following the call.

In February 2022, U.S. home prices continued to rise, albeit at a slower pace compared to January 2022. The Radian Home Price Index (HPI) indicated an annualized increase of +11.3%, with year-over-year growth of 15.2%. Median home prices reached $313,530, reflecting a 16.1% rise over the previous six months. Despite strong demand, price appreciation slowed across all regions, particularly in the Northeast and Midwest. Factors such as high mortgage rates and inflation may influence future market dynamics, yet homeowners gained an average of $62,000 in wealth since March 2020.

Radian Group reported a fourth quarter net income of $193 million ($1.07 per diluted share) for 2021, up from $148 million in Q4 2020. The full year net income reached $601 million ($3.16 per diluted share), compared to $393 million in 2020. New insurance written (NIW) totaled $92 billion for the year, the second highest in the company's history. Homegenius revenues surged 45% to $149 million. Book value per share rose 9% year-over-year to $24.28. The company repurchased $399 million of its stock in 2021 and announced a quarterly dividend increase of 43% in February 2022.

Radian Group Inc. (NYSE: RDN) announced a 43% increase in its quarterly dividend, raising it to $0.20 per share, payable on March 3, 2022. This increase shows strong financial health and capital flexibility. Additionally, Radian authorized a $400 million share repurchase program, expiring in February 2024. The company recently received approval for a $500 million return of capital from Radian Guaranty. The financial results for Q4 and year-end 2021 will be discussed in a call on February 23, 2022.

The Radian Home Price Index (HPI) reported a 15.9% annualized increase in national home prices from November to December 2021, marking ten consecutive months of over 10% appreciation. For the full year, the HPI rose 14.2%, almost double the 8.0% percent increase seen in 2020. The median estimated home price reached $307,022. The market is characterized by low supply and high demand, with December reporting only 708,000 active listings, the lowest since 2007.

Radian Group Inc. (NYSE: RDN) will hold a conference call on February 23, 2022, at 10:00 a.m. Eastern time to discuss its fourth quarter and year-end 2021 results. The results will be announced after the market closes on February 22, 2022. Investors can join the call via the Internet at Radian's webcast or by dialing 800.447.0521 (U.S.) or 847.413.3238 (international) with passcode 50275325. A digital replay will be available for two weeks following the call.

Radian Group Inc. (NYSE:RDN) announced that CEO Rick Thornberry has joined the Board of Directors of the Opens Doors Foundation, supporting families with critically ill children. Radian has a history of backing charitable initiatives, contributing $400,000 to partner with the Children’s Hospital of Philadelphia and raising significant funds through various campaigns. Thornberry aims to further Radian's commitment to homeownership and community support. The company encourages employee involvement in charity through its Corporate Citizenship Program, reinforcing its community commitment.

The Radian Home Price Index (HPI) indicates that U.S. home prices rose at an annualized rate of 17.1% from October to November 2021. The national median home price surpassed $300,000 for the first time, reaching $303,012, representing an increase of over $34,000 in 2021. However, appreciation rates have slowed since September's peak of 17.6%. Regional trends showed slower price growth across most U.S. states, with the South maintaining the highest appreciation rates. Despite these fluctuations, 2021 is set to record high sales activity.