RBC Capital Says Radian’s (RDN) Inigo Deal Could Drive Higher Earnings Growth

Radian Group Inc. (NYSE:RDN) is included among the 10 Best June Dividend Stocks to Buy.

RBC Capital Says Radian’s (RDN) Inigo Deal Could Drive Higher Earnings Growth

On May 22, RBC Capital initiated coverage of Radian Group Inc. (NYSE:RDN) with an Outperform rating and a $47 price target. The firm expressed a positive view on the company’s “transformative” acquisition of Inigo. According to the analyst, diversifying Radian’s business away from private mortgage insurance could support earnings growth above peers and lead to a stock re-rating closer to property and casualty insurance multiples. RBC also said the company’s Investor Day on June 4 could act as a near-term catalyst for the shares.

During Radian Group’s Q1 2026 earnings call, CEO and Director Thornberry said the company had resumed opportunistic share repurchases. He added that the move was supported by the strength of Radian’s balance sheet, even after completing the $1.7 billion acquisition of Inigo. He also noted that the company would host its first Investor Day as a global multiline insurer on June 4 in New York City.

Senior EVP and Interim CFO Dan Kobell said the company generated GAAP net income from continuing operations of $129 million, or $0.93 per share, during the quarter. He added that adjusted net operating earnings per share increased to $1.27.Kobell also said Radian was changing its segment reporting structure. The company will now report operations under two insurance segments, Mortgage and Specialty, along with a corporate category. He further noted that all prior periods had been restated to reflect the new structure.

Radian Group Inc. (NYSE:RDN) is a diversified mortgage and real estate services company. The company provides mortgage insurance and other products and services to the real estate and mortgage finance industries.

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