2024-02-26 00:56:01 ET
Summary
- Radian Group's stock has risen by over 26% in the past year due to a strong housing market and increased investment income.
- The company reported solid earnings, beating expectations and growing book value by 15%.
- Radian expects ongoing strength in its business, with increased dividends and capital returns in 2024.
Shares of Radian Group ( RDN ) have been a solid performer over the past year, rising by over 26%, as a buoyant housing market has greatly reduced potential losses in its mortgage insurance business. Higher rates have also helped to fuel increased investment income. Since recommending shares in October , the stock has returned a modest 4%. While the stock has fallen a bit since reporting earnings in early February, I view the results as solid and continue to view shares as a buy....
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Radian Remains Attractive Thanks To Strong Home Prices