RADIAN GROUP INC
In the published model solve dated 2026-Q2, anchored at $39.17, RADIAN GROUP INC (RDN) is priced for 9.6% 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: 2026-08-11 (items 5.02, 7.01, 9.01); 2026-08-06 (items 2.02, 9.01); 2026-05-27 (items 5.02, 5.07); 2026-05-21 (items 5.02, 9.01); 2026-05-07 (items 2.02, 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.