Radian Group
Insures U.S. home loans and global commercial risks through Lloyd’s.
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Profile
Provides private mortgage insurance on U.S. home loans and global property, casualty, financial-lines, and other specialty insurance and reinsurance through Lloyd’s. Earns premiums and investment income across separately managed Mortgage and Specialty segments, with underwriting shaped by housing credit, catastrophe exposure, and regulation.
Operates separate Mortgage and Specialty segments. Radian Guaranty provides private mortgage insurance on U.S. residential first-lien loans, protecting lenders and mortgage-credit investors against borrower default. Inigo writes property, casualty, financial-lines, and other specialty insurance and reinsurance for commercial and industrial clients through Lloyd’s Syndicate 1301 and broker channels. Uses data-driven risk selection and pricing, reinsurance, and capital management across both businesses.
Has narrowed continuing operations after substantially winding down Mortgage Conduit, selling Real Estate Services, and agreeing to sell Title. Mortgage results depend on U.S. housing credit and borrower defaults; specialty results carry catastrophe, geopolitical, claims-inflation, and insurance-cycle exposure. Radian Guaranty must retain GSE approval and meet PMIERs and state capital rules, while Inigo relies on Lloyd’s licenses, ratings, broker distribution, and U.K. regulation.
Company facts
Key statistics
Year to date +1.4% · Average volume (30d) 977.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Barclays | Reiterate | Equal Weight | $39 | $35 | |
| May 22, 2026 | RBC Capital | Target | $32 | $47 | ||
| May 11, 2026 | Barclays | Reiterate | Equal Weight | $40 | $39 | |
| Apr 29, 2026 | B of A Securities | Upgrade | Underperform | Buy | ||
| Feb 23, 2026 | Barclays | Target | $37 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.34 | $1.14 | −14.9% | $556.5M | $575.0M | +3.3% | −7.43% |
| May 6, 2026Q1 FY26 | $1.17 | $1.27 | +8.5% | $377.8M | $466.0M | +23.3% | +5.29% |
| Feb 18, 2026Q4 FY25 | $1.11 | $1.16 | +4.5% | $300.7M | $300.5M | −0.1% | +1.39% |
| Nov 4, 2025Q3 FY25 | $0.95 | $1.15 | +21.1% | $308.8M | $310.7M | +0.6% | −0.87% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $317.7M | $317.8M | $310.7M | $301.0M | $466.3M | $575.0M | |
| Gross profit | $287.4M | $290.1M | $285.7M | $288.0M | $358.4M | $380.0M | |
| Operating income | $188.4M | $175.0M | $198.7M | $201.0M | $173.7M | $150.7M | |
| Net income | $144.6M | $141.8M | $141.4M | $155.0M | $124.1M | $115.9M | |
| Diluted EPS | $0.98 | $1.02 | $1.03 | $1.15 | $0.90 | $0.85 | |
| Gross margin | 90.5% | 91.3% | 91.9% | 95.7% | 76.9% | 66.1% | |
| Operating margin | 59.3% | 55.1% | 63.9% | 66.8% | 37.2% | 26.2% |
Fiscal years (4-quarter sums)FY21 $1.33B · FY22 $1.19B · FY23 $1.24B · FY24 $1.28B · FY25 $1.25B
Revenue by product · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $119.0M · Total debt $1.23B · Total assets $10.66B · Shareholders' equity $4.81B
Dividends
Raised for 16 straight years — most recently to $0.255 from $0.245 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 24, 2026 | Aug 24 | Sep 9 | $0.255 | |
| Jun 2, 2026 | Jun 2 | Jun 17 | $0.255 | |
| Feb 23, 2026 | Feb 23 | Mar 10 | $0.255 | |
| Nov 24, 2025 | Nov 24 | Dec 9 | $0.255 | |
| Aug 25, 2025 | Aug 25 | Sep 9 | $0.255 | |
| Jun 2, 2025 | Jun 2 | Jun 17 | $0.255 | |
| Feb 24, 2025 | Feb 24 | Mar 11 | $0.255 | raised from $0.245 |
| Nov 25, 2024 | Nov 25 | Dec 10 | $0.245 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 132.98M · Float 130.55M · 98.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 19.33M | 14.53% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 9.24M | 6.95% | 13F | Aug 13, 2026 |
| LSV Asset Management | 6.39M | 4.81% | 13F | Aug 6, 2026 |
| Dimensional Fund Advisors LP | 6.07M | 4.57% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 5.99M | 4.51% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Meghan Bartholomew | officer: Sr. EVP, Co-Head of MI | −1 | $34.68 |
| Jul 14, 2026 | Edward J. Hoffman | officer: Sr EVP, General Counsel | −20,000 | $39.00 |
| Jun 3, 2026 | Brad L. Conner | director | −1,200 | $33.93 |
| Jun 1, 2026 | Michael S. Weinbach | officer: Chief Executive Officer- Elect | +120,487 | $33.89 |
| Jun 2, 2026 | Michael S. Weinbach | officer: Chief Executive Officer- Elect | +49,513 | $34.04 |
Peers
- MGIC Investment
Largest US private MI provider by NIW; ~19.4% market share in 2025.
- Arch Capital Group
Dual-front rival across US private MI and global specialty re/insurance.
- RenaissanceRe
Premier Bermuda property-cat and specialty reinsurer; $11.7B GPW in 2025.
- Enact
Pure-play US PMI spun out of Genworth; ~$273B IIF, near-identical to RDN.
- Essent Group
Post-GFC US private MI entrant with ~$248B insurance in force.
- National MI
Post-GFC US private MI entrant with $221B IIF and ~18% market share.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Radian Group | $36.41 | 0.00% | $4.84B | 9.3 | 7.3 | 2.9 | +80.9% |
| MGIC Investment | $30.99 | −0.06% | $6.36B | 9.7 | 9.6 | 5.3 | −2.9% |
| Arch Capital Group | $97.15 | −1.71% | $34.53B | 7.7 | 10.5 | 1.8 | −22.3% |
| RenaissanceRe | $330.74 | +0.01% | $13.74B | 5.7 | 8.3 | 1.3 | −28.5% |
| Enact | $49.07 | +0.03% | $6.85B | 10.3 | 9.9 | 5.5 | +4.2% |
| Essent Group | $69.30 | +0.57% | $6.35B | 9.6 | 9.1 | 4.8 | +13.6% |
| National MI | $40.84 | −8.87% | $3.40B | 8.8 | 8.4 | 4.7 | −9.4% |
| Median | 9.2 | 9.4 | 4.7 | −6.1% |