RADIAN GROUP INC · Surety Insurance

RDN

Low riskNext report: Around Nov 4 (est.)

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The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 93% in the latest quarter vs a year ago
Profitable every year for 10 years
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.7% to their holdings in the quarter ending June 2026 (213 bought, 161 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$35.76+0.0% that day

Company value: $4.7B; Share price times all shares
Price vs profit (P/E): 9.2x; You pay about $9 for each $1 of yearly profit
Price vs sales: 2.9x; Company value is 2.9 times a year of sales
Dividend yield: 2.9%; Yearly dividend as a share of today's price
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 23%; Debt as a share of company value

From RDN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$575.0M+93% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.6B, up 37% from the 12 months before. Over 5 years, sales shrank about 3.6% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of RDN. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +37% a yearProfit margin33%Last 12 months: 32.6%P/E at the end9xToday: 9.2x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$6.1B

Profit in 5 years$2.0B

Price these guesses point to$177.20+396% vs $35.76 todayAbout +38% a year, before dividends

What today's price needs: with a 33% margin and a 9x P/E, sales could shrink about 5.6% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.4%
PassDebt under half of equityNot relying on borrowed money.0.22x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.48.7%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$119.9M
PassShare count not growingNot diluting owners. Falling means buybacks.-17.5% in 3 years

Revenue: $1.2B; -0.8% vs prior year
5-year growth: -3.6%/yr; revenue, per year
Total debt: $1.1B; 0.22x equity
Free cash flow: $119.9M; 10.0% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.