Last $16.33 USD
Change Today 0.00 / 0.00%
Volume 2.3M
RDN On Other Exchanges
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As of 6:40 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

radian group inc (RDN) Snapshot

Open
$16.38
Previous Close
$16.33
Day High
$16.45
Day Low
$16.24
52 Week High
12/8/14 - $17.50
52 Week Low
08/4/14 - $12.18
Market Cap
3.1B
Average Volume 10 Days
2.4M
EPS TTM
$5.33
Shares Outstanding
191.1M
EX-Date
02/12/15
P/E TM
3.1x
Dividend
$0.01
Dividend Yield
0.06%
Current Stock Chart for RADIAN GROUP INC (RDN)

radian group inc (RDN) Related Businessweek News

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radian group inc (RDN) Details

Radian Group Inc., through its subsidiaries, operates as a credit enhancement company in the United States. The company operates in two segments, Mortgage Insurance and Financial Guaranty. The Mortgage Insurance segment provides credit-related insurance coverage, primarily through private mortgage insurance that protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers, as well as facilitates the sale of these mortgage loans in the secondary mortgage market; and risk management services to mortgage lending institutions. It offers primary mortgage insurance coverage on residential first-liens. This segment serves mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions, and community banks. The Financial Guaranty segment provides financial guaranty insurance on its portfolio of public finance and structured finance insured transactions. Radian Group Inc. was founded in 1977 and is headquartered in Philadelphia, Pennsylvania.

radian group inc (RDN) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.0M
President of Radian Guaranty Inc
Total Annual Compensation: $1.0M
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $1.2M
General Counsel and Corporate Secretary
Total Annual Compensation: $662.5K
Compensation as of Fiscal Year 2013.

radian group inc (RDN) Key Developments

Radian Group Inc. Appoints Clifford Rossi as Senior Vice President and Chief Economist

Radian Group Inc. announced the appointment of Dr. Clifford Rossi as senior vice president and chief economist. In this position, Dr. Rossi is responsible for research, forecasts, quantitative analysis and financial modeling of Radianâ s mortgage insurance portfolio and the housing and mortgage markets. Dr. Rossi is an Executive-in-Residence and Professor of the Practice at the Robert H. Smith School of Business, University of Maryland, a position that he plans to continue while serving at Radian. Prior to entering academia, Dr. Rossi had nearly 25 years' experience in banking and government, having held senior executive roles in risk management at several of the large financial services companies. His most recent position was managing director and chief risk officer for Citigroup's Consumer Lending Group. Dr. Rossi also held senior risk management positions at Freddie Mac and Fannie Mae.

Radian Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Radian Group Inc. reported earnings results for the fourth quarter and full year ended December 31, 2014. The company reported net income for the quarter ended December 31, 2014, of $428.3 million, or $1.78 per diluted share. This compares to net income for the quarter ended December 31, 2013, of $36.4 million, or $0.21 per diluted share. Adjusted pretax operating income for the quarter ended December 31, 2014, was $58.4 million, compared to an adjusted pretax operating loss for the quarter ended December 31, 2013, of $13.3 million. Total revenues were $295,050,000 against $214,822,000 a year ago. Pretax income from continuing operations was $70,677,000 against pretax loss from continuing operations of $17,470,000 a year ago. Net income from continuing operations was $878,026,000 against net loss from continuing operations of $16,048,000 a year ago. Net income diluted was $431,976,000 against $36,369,000 a year ago. Diluted net income from continuing operations was $3.63 against diluted net loss from continuing operations of $0.09 per share a year ago. Net income for the full year 2014 was $959.5 million, or $4.16 per diluted share, which included a net loss after tax of $300.1 million from discontinued operations and an income tax benefit of $852.4 million from continuing operations, which was primarily driven by the reversal of the DTA valuation allowance. This compares to a net loss for the full year 2013 of $197.0 million, or $1.18 per diluted share, which included an after-tax loss of $55.1 million from discontinued operations and an income tax benefit of $31.5 million from continuing operations. Adjusted pretax operating income for the twelve months ended December 31, 2014, was $342.4 million, compared to an adjusted pretax operating loss for the twelve months ended December 31, 2013, of $67.4 million. Book value per share at December 31, 2014, was $10.98. Total revenues were $1,072,685,000 against $749,906,000 a year ago. Pretax income from continuing operations was $407,156,000 against pretax loss from continuing operations of $173,346,000 a year ago. Net income from continuing operations was $1,259,574,000 against net loss from continuing operations of $141,851,000 a year ago. Net income diluted was $973,889,000 against net loss diluted of $196,985,000 a year ago. Diluted net income from continuing operations was $5.44 against diluted net loss from continuing operations of $0.85 per share a year ago.

Radian Group Inc. Announces Retirement of Jan Nicholson as Director

At a meeting of the board of directors of Radian Group Inc. on February 5, 2015, Jan Nicholson, a director of the company since 2003, announced her decision to retire from the board at the end of her current term upon the conclusion of the company's 2015 annual meeting of stockholders.

 

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Industry Analysis

RDN

Industry Average

Valuation RDN Industry Range
Price/Earnings 3.0x
Price/Sales 2.9x
Price/Book 1.5x
Price/Cash Flow 3.2x
TEV/Sales 1.8x
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