RDN · Radian Group Inc
$33.59
-0.11 (-0.33%)
At close · Oct 8
Return incl. dividend (before tax)
Market Cap
$4.46B
Shares
132.30M
Volume · Oct 8
679.93K
Avg daily vol (3M)
1.38M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$33.70
Open$33.77
Day$33.64–34.30
52W close$30.61–39.71
Avg vol 30d1.6M
Short int5.5M · 4.2% float · 5.6d
Short vol64%
Last earningsJul 17, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 7
Up next
filed Aug 7, 2026
call held Jul 17, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.64B
Trailing 12 months
Net income (TTM)
$536.29M
Trailing 12 months
Revenue growth YoY
+92.6%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
8.8
Trailing earnings · reciprocal yield 11.4%
FCF yield
31.8%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-1.5%
Year over year · fewer shares
Price change (1Y)
-1.8%
Trailing year
Short interest
4.2%
Latest settlement · 5.6 days to cover
AI Brief
Q2 FY26 earnings call · Jul 17, 2026
Q2 FY26
TL;DR. Radian delivered 93% revenue growth and a record $284B mortgage insurance in force, with the Inigo acquisition driving diversification, while specialty margins are softening and were pressured by an estimated $30M Middle East reserving charge.
Bullish
- + Total revenues grew 93% year-over-year to $575M with Inigo's first full quarter driving diversification.
- + Specialty represented 53% of Q2 net premiums earned, demonstrating scale of the new segment.
- + Primary mortgage insurance in force reached a record $284B, up 3% year-over-year, with NIW up 14%.
- + Mortgage default rate declined to 2.47% with $20M of favorable prior-period reserve development and cures exceeding new defaults.
- + Adjusted diluted net operating EPS grew to $1.14 vs. $1.11 a year ago; book value per share grew 8.5% to $36.
- + Holding company expected dividend guidance raised to at least $650M for 2026, with share repurchase pace tracking to upper end of $200-$250M range.
Bearish
- − Specialty Q2 combined ratio of 98% was elevated by an estimated $30M Middle East reserve charge covering expected/potential claims and inflation.
- − GAAP diluted EPS from continuing operations fell to $0.87 vs. $1.11 a year ago due to Inigo purchase accounting, amortization, and acquisition costs.
- − Specialty competition is spreading and rates continue to soften across property and other lines, pressuring future underwriting margins.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Neutral
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Moderate
Market backdrop
VIX 15.1 · calm
Equity put/call 0.63
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−5%
below
Price vs 50-day avg
−6%
below
RSI (14)
46
neutral
MACD trend
Positive
52-week position
34%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−7%
trailing
6-month return
−2%
trailing
YTD return
−6%
this year
Relative strength
−13%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $36 › 200d $35 — 50d above 200d
Institutional flow
Distributing
2 of 392 funds reported for Sep 30 · net -45 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.19% of float · ▲ +5.1% MoM · 5.6 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
392 holders — near 3-yr high, broad support
Squeeze score
82
high risk · 0–100
Fundamentals
Revenue growth
−1%
Y/Y
EPS growth
+6%
Y/Y
Valuation
P/E 8.7
in line
Buyback
$686.0M
remaining
Balance sheet
$1.1B
net debt
Quant / Vol
risk profile
Volatility
25%
annualized · 1-yr
Max drawdown
−23%
past year
ATR
2.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 6, 2026
2026
Expected dividends from Radian Guaranty to Radian Group
at least $650M
Dividends from Radian Group to Radian Group
at least $650M
second half of 2026
Specialty earned premium growth
Initiated
20%
full year 2026
Share repurchases
Maintained
$200M – $250M
Aug 5, 2026
$200M – $250M
changed to
Aug 6, 2026
$200M – $250M
Dividends from mortgage business (grading guarantee)
Initiated
at least $650M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−5%
Neutral
Price vs 50-day avg
−6%
Bearish
RSI (14)
46
Neutral
MACD trend
Positive
Bullish
52-week position
34%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $36 › 200d $35 — 50d above 200d
Institutional flow
Distributing
2 of 392 funds reported for Sep 30 · net -45 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.19% of float · ▲ +5.1% MoM · 5.6 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
392 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $31
Now $34 · 34%
Range high $40
vs 200-day avg -5%
vs 50-day avg -6%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average direct primary claim paid | $61.7K | the three months ended June 30, 2026 filing | — |
| Average net primary claim paid | $52K | the three months ended June 30, 2026 filing | — |
| Average primary IIF | $282.9B | Three Months Ended June 30, 2026 filing | — |
| Combined Ratio | 97.7% | Three Months Ended June 30, 2026 filing | — |
| Direct premium yield | 38.1 | Three Months Ended June 30, 2026 filing | — |
| Ending default inventory | 24,200 | the three months ended June 30, 2026 filing | — |
| In force portfolio premium yield | 37.8 | Three Months Ended June 30, 2026 filing | — |
| Loss Ratio | 63.3% | Three Months Ended June 30, 2026 filing | — |
| Mortgage NIW | $16.3B | Three Months Ended June 30, 2026 filing | — |
| Net premium yield | 33.4 | Three Months Ended June 30, 2026 filing | — |
| New insurance written (NIW) | $16.3B | the three months ended June 30, 2026 filing | — |
| Reserve per new default | $3,991 | the three months ended June 30, 2026 filing | — |
| Specialty gross written premiums | $504M | Three months ended June 30, 2026 filing | — |
| Total loss ratio | 12.4% | the three months ended June 30, 2026 filing | — |
| Adjusted diluted net operating income per share non-GAAP | $1.14 | Quarter ended June 30, 2026 | — |
| Adjusted net operating return on equity non-GAAP | 12.9% | Quarter ended June 30, 2026 | — |
| Adjusted pretax operating income non-GAAP | $196M | Quarter ended June 30, 2026 | — |
| Annualized persistency | 82% | Second quarter 2026 | — |
| Available holding company liquidity | $412M | As of June 30, 2026 | — |
| Combined Ratio - Mortgage | 35.8% | Quarter ended June 30, 2026 | — |
| Combined Ratio - Specialty | 97.7% | Quarter ended June 30, 2026 | — |
| Gross premiums written - Specialty | $504M | Quarter ended June 30, 2026 | — |
| In-force portfolio premium yield | 38 | Second quarter 2026 | — |
| Mortgage segment adjusted pretax operating income non-GAAP | $208M | Second quarter 2026 | — |
| New Insurance Written | $16B | Second quarter 2026 | — |
| New insurance written - Mortgage | $16.33B | Quarter ended June 30, 2026 | — |
| NIW | $13.49B | Qtr 1 2026 | — |
| Percentage of primary loans in default | 2.47% | As of June 30, 2026 | — |
| Persistency Rate (12 months ended) | 81.6% | Qtr 2 2026 | — |
| Persistency Rate (quarterly, annualized) | 81.6% | Qtr 2 2026 | — |
| PMIERs Available Assets | $5.35B | As of June 30, 2026 | — |
| PMIERs excess Available Assets | $1.45B | As of June 30, 2026 | — |
| Primary IIF | $281.72B | Qtr 1 2026 | — |
| Primary Insurance in Force | $284B | Second quarter 2026 | — |
| Primary mortgage insurance in force | $284.04B | As of June 30, 2026 | — |
| Primary RIF | $74.65B | Qtr 1 2026 | — |
| Specialty segment adjusted pretax operating income non-GAAP | $29M | Second quarter 2026 | — |
| Specialty segment Combined Ratio | 98% | Second quarter 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Insurance - Specialty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RDN
this stock
Radian Group Inc
|
$4.46B | -6.4% | -0.8% | 8.7 | 4.2% |
|
FNF
Fidelity National Financial, Inc.
|
$10.37B | -28.5% | +5.6% | — | 3.9% |
|
AXS
Axis Capital Holdings Ltd
|
$7.03B | -11.0% | +10.2% | 7.1 | 2.7% |
|
ACT
Enact Holdings, Inc.
|
$6.30B | +15.6% | +2.8% | 9.6 | 2.0% |
|
FAF
First American Financial Corp
|
$6.21B | -0.2% | +21.6% | 8.4 | 5.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RDN | +10.1% | -7.3% | -2.4% | +10.1% | -6.4% |
| SPY | +1.9% | +1.9% | +10.8% | +1.9% | +14.0% |
| vs SPY | +8.2% | -9.2% | -13.1% | +8.2% | -20.3% |
Capital returns
Latest dividend
$0.255
/ share · ex Aug 24, 2026
Paid (TTM)
$1.02
/ share · 4 payouts
Dividend yield (TTM, derived)
3.03%
Buyback program
· as of Aug 6, 2026
Authorized
$750.00M
Spent (derived)
$64.00M
Remaining
$686.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.