Radian Group (RDN) Announces Operational Re-Alignment
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Price: $38.01 +0.45%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +75.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +75.2%
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Radian Group Inc. (NYSE: RDN) has re-aligned its operational structure in order to compete more effectively as a leading private mortgage insurer.
The primary objective is to focus the company’s resources on sales and other core functions to grow profitable new business while aligning its support services to the reduced mortgage market volume expected in the near term. The re-alignment included a workforce reduction of approximately 7 percent of Radian’s corporate and mortgage insurance staff.
The primary objective is to focus the company’s resources on sales and other core functions to grow profitable new business while aligning its support services to the reduced mortgage market volume expected in the near term. The re-alignment included a workforce reduction of approximately 7 percent of Radian’s corporate and mortgage insurance staff.
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