Key Developments: Radian Group Inc (RDN)
13.13USD
24 May 2013
$-0.27 (-2.01%)
$13.40
$13.27
$13.31
$12.86
7,147,114
11,788,674
$14.34
$2.16
Latest Key Developments (Source: Significant Developments)
Radian Group Inc Declares Regular Quarterly Dividend on Common Stock
Radian Group Inc announced that Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on June 5, 2013, to stockholders of record as of May 28, 2013. Full Article
Radian Group Inc's Radian Guaranty Inc And Other Mortgage Insurers Settle With U.S. Regulator Over Alleged Kickbacks-Reuters
Reuters reported that four mortgage insurers settled claims from the U.S. consumer watchdog that they paid kickbacks to mortgage lenders in exchange for business. Genworth Financial unit Mortgage Insurance Corp, American International Group Inc's United Guaranty Corp, Radian Group Inc's Radian Guaranty Inc and Mgic Investment Corp's Mortgage Guaranty Insurance Corp agreed to pay $15 million to resolve the allegations, the Consumer Financial Protection Bureau said on Thursday. Full Article
Radian Group Inc Announces Completion Of Concurrent Offerings of Common Stock And Convertible Senior Notes
Radian Group Inc announced that it has completed its previously announced concurrent public offerings of 39.1 million shares of common stock and $400 million principal amount of convertible senior notes due 2019. The Company received aggregate net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $299.5 million from the Common Stock Offering and $389.8 million from the Convertible Notes Offering. The Company intends to use the proceeds from the offerings to fund working capital requirements and for general corporate purposes, including additional capital support for its mortgage insurance business. Morgan Stanley & Co. LLC and Goldman, Sachs & Co. acted as joint book-running managers for the offerings, Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Wells Fargo Securities, LLC acted as co-managers for the Common Stock Offering and Keefe, Bruyette & Woods, Inc. acted as co-manager for the Convertible Notes Offering. The notes are the Company`s unsecured obligations. The notes will pay interest semi-annually on March 1 and September 1 at a rate of 2.25% per year, and will mature on March 1, 2019. Full Article
Radian Group Inc Announces Underwriters` Exercise of Options to Purchase Additional Securities for Concurrent Offerings of Common Stock and Convertible Senior Notes
Radian Group Inc announced that the underwriters of its previously announced concurrent public offerings of common stock and convertible senior notes due 2019 have exercised in full their options to purchase an additional 5.1 million shares of common stock and an additional $50 million principal amount of notes from the Company at the public offering price, less underwriting discounts and commissions. As a result, the Company expects to issue a total of 39.1 million shares and $400 million principal amount of notes and to receive aggregate net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $299.5 million from the common stock offering and $389.8 million from the convertible senior notes offering. The offerings are expected to close on March 4, 2013. Morgan Stanley & Co. LLC and Goldman, Sachs & Co. have acted as joint book-running managers for the offerings, Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Wells Fargo Securities, LLC have acted as co-managers for the common stock offering and Keefe, Bruyette & Woods, Inc. has acted as co-manager for the convertible notes offering. Full Article
Radian Group Inc Announces Concurrent Offerings of Common Stock and Convertible Senior Notes
Radian Group Inc announced that it has commenced two separate underwritten public offerings of up to 30 million shares of its common stock (the Common Stock Offerin) and $200 million aggregate principal amount of its convertible senior notes due 2019. The convertible senior notes will be convertible into shares of the Company`s common stock, cash or a combination of shares of common stock and cash, at the Company`s election. Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as joint book-running managers for the Offerings. The underwriters will have the option to purchase up to an additional 4.5 million shares of common stock and an option to purchase up to an additional $30 million aggregate principal amount of the convertible senior notes, within 30 days. The public offering price of the Company`s common stock and the interest rate, conversion rate, and other terms of the convertible senior notes will be determined, based on market conditions, at the time of the pricing of the Offerings. The Company intends to use the net proceeds from the Offerings to fund working capital requirements and for general corporate purposes, including additional capital support for our mortgage insurance business Full Article
Radian Group Inc Declares Regular Quarterly Dividend on Common Stock
Radian Group Inc announced that the Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025per share, payable on March 6, 2013, to stockholders of record as of February 25, 2013. Full Article
Radian Group Inc Declares Regular Quarterly Dividend
Radian Group Inc announced that its Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025per share, payable on December 6, 2012, to stockholders of record as of November 26, 2012. Full Article
Radian Group Inc Declares Regular Quarterly Dividend On Common Stock
Radian Group Inc announced that the Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on September 6, 2012, to stockholders of record as of August 27, 2012. Full Article
Radian Group Inc. Declares Regular Quarterly Dividend On Common Stock
Radian Group Inc. announced that the Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on May 31, 2012, to stockholders of record as of May 21, 2012. Full Article
Radian Group Inc. Declares Regular Quarterly Dividend On Common Stock
Radian Group Inc. announced that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on March 9, 2012, to stockholders of record as of February 27, 2012. Full Article
UPDATE 1-Radian's quarterly loss widens on higher derivatives losses
May 1 - Mortgage insurer Radian Group Inc quarterly loss widened due to higher losses from changes in the fair value of derivatives and other financial instruments.
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