Radian Group Inc
RDN
ISIN US7502361014 / Valor 815337
Radian Group Inc
UMushroom community rating:
About company
Radian Group Inc is a leading provider of private mortgage insurance, risk management products, and real estate services. The company's Mortgage Insurance Operations team is dedicated to analyzing trends and developments in the mortgage insurance industry. Radian's expertise in risk management and mortgage insurance allows them to provide innovative solutions to their clients, helping them navigate the complexities of the housing market. With a focus on providing financial security and stability, Radian Group Inc plays a crucial role in supporting the housing industry and promoting homeownership.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Income
Radian Group Inc. reported a net income of $152 million, or $0.98 per diluted share, for the second quarter of 2024. This is an increase from the net income of $146 million, or $0.91 per diluted share, reported for the same quarter in 2023.
Revenue
For the second quarter of 2024, Radian Group Inc. achieved total revenues of $321 million. This represents an increase compared to the $290 million in total revenues reported for the second quarter of 2023.
Book Value Per Share
Radian Group Inc.'s book value per share grew by 12% year-over-year, reaching $29.66 as of June 30, 2024. This is up from $26.51 as of June 30, 2023.
Share Repurchase Program
During the second quarter of 2024, Radian Group Inc. repurchased $50 million worth of shares, increasing its share repurchase authorization to $900 million and extending it through June 2026. As of June 30, 2024, $667 million of purchase authority remained available under the program.
Dividends and Liquidity
Radian Group Inc. paid a dividend of $0.245 per share, totaling $37 million, on June 20, 2024. Additionally, the company's available holding company liquidity increased to $1.2 billion following a $200 million ordinary dividend from Radian Guaranty during the second quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4781 M
Market cap (USD)
184,450
Daily traded volume (Shares)
32.2 / 31.73
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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