$RDN

MGIC Investment (MTG) and Radian Group (RDN) shares fell 4% and 3.5% respectively after FHFA director Bill Pulte announced Fannie Mae will adopt Freddie Mac's policy, allowing lenders to proactively notify borrowers about canceling private mortgage insurance (PMI). Pulte's comments highlighted the profitability of mortgage insurance companies and called for consumer savings. The policy change could reduce demand for PMI, impacting major providers like MTG and RDN.

Essent Group (ESNT) reported Q2 revenues of $362.7M, up 13.6% YoY, beating estimates. Radian Group (RDN) reported $580.7M in revenues, up 95.7% YoY, but missed EPS estimates. Fidelity National Financial (FNF) reported $4.05B in revenues, up 11.4% YoY, beating estimates. W. R. Berkley (WRB) reported $3.72B in revenues, up 1.2% YoY, missing revenue estimates but beating EPS estimates.

Radian Guaranty, part of Radian Group (RDN), integrated its mortgage insurance quotes into Lender Price’s platform, potentially expanding its reach and embedding its pricing model in loan decisioning. Analysts project $1.4B revenue and $518.3M earnings by 2028, with a 7% potential upside. The move follows a weaker Q2 and aims to improve operational efficiency and earnings stability.

Essent Group (ESNT) reported Q2 revenue of $362.7M, up 13.6% YoY, beating estimates. Radian Group (RDN) reported $580.7M, up 95.7% YoY, missing EPS estimates. Kinsale Capital (KNSL) reported $548.5M, up 16.8% YoY, beating revenue and net premiums estimates. HCI Group (HCI) reported $246.7M, up 11.1% YoY, beating revenue and net premiums estimates.

Radian Group (RDN) reported that its Non-Executive Chairman, Howard Bernard Culang, acquired 503.798 Dividend Equivalent Rights on September 9, 2026. These rights are tied to previously awarded Phantom Stock Units and are convertible into common stock at a $0.00 exercise price. Culang now holds 14,669.474 such rights, which will be settled in stock upon his retirement. No Rule 10b5-1 trading plan was reported for this transaction.

American Financial Group (AFG) rose 5.6% post-earnings, trading at $69.18. Radian Group (RDN) reported $580.7M revenue, up 95.7% YoY, but missed EPS estimates, dropping 6.4% to $36.66. Root (ROOT) saw $389.2M revenue, up 1.6% YoY, missing expectations but beating EPS, down 5.5% to $56.99. Mercury General (MCY) reported $1.68B revenue, up 13.8% YoY, beating expectations, down 1.9% to $104.53.

Markel Group (MKL) reported flat Q2 revenue ($4.02B) beating estimates by 1.1% but missed EPS and book value per share. Essent Group (ESNT) saw revenue rise 13.6% ($362.7M), beating estimates by 9.7%. Radian Group (RDN) revenue up 95.7% ($580.7M) but missed EPS. Kinsale Capital (KNSL) revenue up 16.8% ($548.5M), beating estimates by 14.9%. The Hanover (THG) revenue up 4% ($1.72B) but missed estimates by 0.5%.

Radian Group (RDN) reported better-than-expected quarterly results, with higher net premiums, new insurance written, and investment income. Its share price has risen 8% over 90 days but fell 6% recently. The stock's P/E ratio of 8.7x is below peers and industry averages, suggesting potential undervaluation. However, mortgage credit risks and housing market conditions could impact its valuation.

Mercury General (MCY) reported Q2 revenues of $1.68B, up 13.8% YoY, beating estimates, but shares fell 5.2%. Radian Group (RDN) reported $580.7M in revenues, up 95.7% YoY, missing EPS estimates, with shares down 8.6%. CNA Financial (CNA) reported $3.83B in revenues, up 1.9% YoY, beating estimates, but shares fell 6.5%. American Financial Group (AFG) reported $1.90B in revenues, up 5.3% YoY, meeting expectations, with shares up 1.3%.

Mike Weinbach has become CEO of Radian Group Inc. (RDN), replacing Rick Thornberry, who will advise until his 2026 retirement. Weinbach brings extensive financial services experience, previously leading Mr. Cooper Group and Wells Fargo's consumer lending. Radian is growing as a specialty insurer, recently acquiring Inigo Limited.