Radian Group Inc.
- Open
- 36.73
- Day high
- 37.12
- Day low
- 36.63
- Prev close
- 36.49
- Volume
- 360K
- Mkt cap
- $4.9B
- P/E (TTM)
- 9.3
- EPS (TTM)
- $3.97
- P/B
- 1.0
- P/S
- 2.9
- Yield
- 2.77%
- Per share
- $1.02
- ▼Insiders net selling -$780K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Radian Group Inc. (RDN) is a Financial Services company listed on NYSE. The stock is up 4% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering RDN.
Radian Group Inc. (RDN) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RDN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $1.34 | $1.14 | -14.9% | $575M | +3.3% |
| May 6, 2026 | $1.17 | $1.27 | +8.5% | $466M | +23.3% |
| Feb 18, 2026 | $1.11 | $1.16 | +4.5% | $301M | -5.0% |
| Jul 30, 2025 | $0.93 | $1.01 | +8.6% | $318M | +2.9% |
| Apr 30, 2025 | $0.95 | $0.99 | +4.2% | $318M | -1.2% |
| Feb 5, 2025 | $0.92 | $1.09 | +18.5% | $316M | +30.4% |
| Jul 31, 2024 | $0.90 | $0.99 | +10.0% | $321M | +35.0% |
| May 1, 2024 | $0.84 | $0.98 | +16.7% | $319M | +32.9% |
| Feb 7, 2024 | $0.87 | $0.96 | +10.3% | $326M | +28.1% |
| Nov 1, 2023 | $0.81 | $1.04 | +28.4% | $314M | +33.0% |
| Aug 2, 2023 | $0.78 | $0.91 | +16.7% | $290M | +11.9% |
| May 3, 2023 | $0.75 | $0.98 | +30.7% | $310M | +27.0% |
RDN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 13, 2026 | McCarthy Barry Cdirector | Grant | 3,427 | — |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Sell | 1 | $34.68 |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Option | 920 | — |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Option | 747 | — |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Option | 2,970 | $12.16 |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Option | 6,525 | — |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Option | 706 | — |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Tax | 1,524 | $38.06 |
| Aug 7, 2026 | Bartholomew Meghanofficer: Sr. EVP, Co-Head of MI | Tax | 2,532 | $36.93 |
| Jul 16, 2026 | Hoffman Edward Jofficer: Sr EVP, General Counsel | Sell | 20,000 | $39.00 |
| Jun 22, 2026 | CULANG HOWARD BERNARDdirector, other: Non-Exec Chairman of the Board | Grant | 521 | — |
| Jun 5, 2026 | Conner Brad L.director | Sell | 1,200 | $33.93 |
| Jun 2, 2026 | Weinbach Michael Sofficer: Chief Executive Officer- Elect | Buy | 120,487 | $33.89 |
| Jun 2, 2026 | Weinbach Michael Sofficer: Chief Executive Officer- Elect | Buy | 49,513 | $34.04 |
| Jun 1, 2026 | Leyden Margaret Annedirector | Sell | 2,070 | $34.59 |
Source: RDN SEC Form 4 filings, latest Aug 13, 2026. For informational purposes only — not investment advice.
See the full RDN insider & 13F page →Radian Group Inc. company profile
Overview
Radian Group Inc. (NYSE:RDN) is a financial services company founded in 1977 and headquartered in Wayne, Pennsylvania, that went public in 1992. The company operates primarily in the mortgage insurance industry, providing credit risk management solutions to mortgage lenders across the United States. Over its nearly five-decade history, Radian has evolved from a traditional mortgage insurer into a diversified provider of mortgage and real estate services, expanding its offerings to include title services, real estate valuation, and technology solutions through its HomeGenius segment.
Business
Radian operates two main business segments that serve different aspects of the mortgage and real estate ecosystem. The Mortgage segment represents the company's core business, generating approximately 85-90% of total revenues. This division provides private mortgage insurance (PMI), which is a type of credit protection that mortgage lenders purchase when borrowers make down payments of less than 20% on their home purchases. When a borrower defaults on their mortgage, the mortgage insurance company compensates the lender for a portion of the losses. This insurance is typically required by government-sponsored enterprises like Fannie Mae and Freddie Mac, and enables lenders to offer mortgages to borrowers with smaller down payments while managing their credit risk exposure. The HomeGenius segment accounts for the remaining 10-15% of revenues and offers a comprehensive suite of real estate services. These include title insurance and related services such as document retrieval, centralized recording, and settlement services. The segment also provides real estate valuation products like appraisals and automated valuation models, asset management services for distressed properties, and various technology solutions delivered as software-as-a-service platforms to facilitate real estate transactions. This division serves a broader customer base including consumers, real estate brokers, mortgage investors, and government-sponsored enterprises.
Revenue model
Radian's primary revenue model centers on insurance premiums collected from mortgage lenders who purchase private mortgage insurance policies. The company earns money through monthly premium payments calculated as a percentage of the outstanding loan balance, typically ranging from 0.20% to 0.85% annually depending on the loan's risk characteristics such as credit score, loan-to-value ratio, and debt-to-income ratio. Additionally, Radian generates investment income from its substantial investment portfolio of approximately $6.3 billion, which consists of high-grade bonds and other fixed-income securities that back the company's insurance reserves. The company's profitability is significantly influenced by several key factors. Housing market conditions directly impact both new business volume and credit losses - strong home price appreciation reduces default rates by building borrower equity, while market downturns can increase claims. Interest rate environments affect mortgage origination volumes and refinancing activity, with lower rates typically driving higher new insurance written but also increasing policy cancellations through refinancing. Credit performance of the insured loan portfolio is critical, as higher default rates directly increase claim payments and loss reserves. The company benefits from economies of scale, as fixed operating costs can be spread across a larger insurance portfolio, improving margins during periods of strong new business production. Competitive dynamics in mortgage insurance pricing also influence profitability, with the industry generally maintaining disciplined pricing despite periodic competitive pressures.
Competitive moat
Radian operates in a structurally attractive but moderately competitive industry with several defensive characteristics. The company's primary moat stems from regulatory barriers and capital requirements - private mortgage insurers must maintain substantial capital reserves under the Private Mortgage Insurer Eligibility Requirements (PMIERs) and obtain approval from government-sponsored enterprises to write new business. These requirements create meaningful barriers to entry and limit the number of competitors to approximately six major players in the U.S. market. The company also benefits from customer switching costs and relationships, as mortgage lenders typically maintain established relationships with a limited number of mortgage insurers and integrate their underwriting systems and processes. However, Radian's competitive position is not exceptionally strong, as the mortgage insurance industry is largely commoditized with limited product differentiation. Pricing competition can be intense during market downturns, and the company faces potential disruption from alternative credit risk transfer mechanisms such as lender-paid mortgage insurance or credit risk sharing agreements with government-sponsored enterprises. The regulatory environment also creates both protection and vulnerability - while barriers to entry are high, changes in government policy regarding mortgage finance could significantly impact the industry structure and demand for private mortgage insurance.
Risks & safety
Radian demonstrates a strong financial position with substantial margin of safety across multiple metrics: • Liquidity and Solvency: The company maintains $834 million in holding company liquidity with minimal near-term debt maturities, providing significant financial flexibility. Total cash and investments exceed $6.3 billion. • Capital Strength: PMIERs cushion of $2.1 billion provides substantial regulatory capital buffer above minimum requirements. Current ratio of 46.2x indicates excellent short-term liquidity coverage. • Debt Management: Debt-to-equity ratio of 52% is manageable, with no senior debt maturities until 2027. The company successfully retired $450 million in debt during 2024. • Valuation Metrics: Trading at reasonable multiples with P/E ratio around 8x and price-to-book of 1.05x, suggesting limited valuation risk. • Credit Quality: Portfolio default rate of 2.33% remains well below historical norms, with strong cure rates of approximately 90% providing additional protection against losses.
Recent development
Over the past few years, Radian has executed several strategic initiatives to strengthen its market position and diversify revenue streams. The company has significantly reduced operating expenses by approximately $85 million (19%) from 2022 levels and is targeting an additional $20-25 million reduction in 2025, demonstrating operational discipline during challenging market conditions. A major development has been the launch of Radian Mortgage Capital, a new business line that completed its first private label prime jumbo mortgage securitization of $349 million in Q3 2024, with a second deal following in Q4, positioning the company as a regular issuer in this market. The company has also enhanced its capital management strategy through strategic reinsurance arrangements, including a new quota share agreement covering 25% of new insurance written and excess of loss reinsurance treaties with over 20 reinsurers. These arrangements help optimize capital efficiency and risk distribution. In terms of leadership transitions, Radian announced that Sumita Pandit will assume an expanded role as President and CFO, while Derek Brummer, President of Mortgage Insurance, will retire in July 2025. The company has maintained an aggressive capital return program, returning $376 million to shareholders in 2024 through share repurchases and dividends, and has increased its share repurchase authorization to $900 million, reflecting confidence in its financial strength and cash generation capabilities.
RDN company profile · for informational purposes only — not investment advice.
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