RADIAN GROUP INC
In the published model solve dated 2026-Q2, anchored at $31.22, RADIAN GROUP INC (RDN) is priced for 8.4% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
Radian trades around $34.67, just below its tangible book value (price-to-book near 0.96), while earning a return on equity in the low-double-digits against a cost of equity near 9.2 percent. A business that out-earns its own capital cost and still changes hands under book is the setup value investors look for. The share count is shrinking about 6 percent a year. Management is buying its own stock below book value and has guided buybacks up to roughly $200 million in the second quarter, which m
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365 institutional managers reported holding RDN in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 51%. 54 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 5.5M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RDN has cut its share count 29.2% over the past five years, spending $1.54B on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 6 years straight; the current rate is $1.02 a share annually. Cash returned over the past three years: $403.59M in dividends and $820.29M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RDN over the trailing three years: 2026: 1 buy totaling $5.77M. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RDN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-06 | +4.7% | +0.1% |
| 2023-08-05 | +3.1% | -5.8% |
| 2023-11-04 | +6.2% | +6.3% |
| 2024-02-24 | -3.0% | +10.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RDN's latest 8-K filings: 2026-11-10 (items 5.02); 2026-11-05 (items 2.02, 9.01); 2026-11-03 (items 1.01, 2.03, 9.01); 2026-10-28 (items 5.02); 2026-08-11 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.