Compass Point Downgrades Radian Group (RDN) to Neutral
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Radian Announces Third Quarter 2016 Financial Results
October 27, 2016 6:31 AM EDT-- Net income of $83 million or $0.37 per diluted share
-- Adjusted diluted net operating income per share of $0.41
-- Writes $15.7 billion in new MI business; sets company record for highest quarterly volume of flow MI
-- Book value per share increases 14% year-over-year to $13.47
PHILADELPHIA--(BUSINESS WIRE)-- Radian Group Inc. (NYSE: RDN) today reported net income for the quarter ended September 30, 2016, of $82.8 million, or $0.37 per diluted share. This compares to net income for the quarter ended September 30, 2015, of $70.1 million, or $0.29 per diluted share. Pretax income for the quarter ended September 30, 2016, was $126.9 million, compared to $115.7 million for the quarter ended September 30, 2015.
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