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Radian Group Inc. (NYSE:RDN) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.
Radian Group Inc. (NYSE:RDN) operates as a holding company offering mortgage insurance, risk management products, and real estate services to financial institutions.
On October 15, UBS reduced its price target for Radian Group Inc. (NYSE:RDN) from $43 to $40 while maintaining a Neutral rating on the stock.
In September, the company announced a definitive agreement to acquire Inigo Limited, a profitable Lloyd’s specialty insurer, in a deal valued at $1.7 billion, primarily in cash. The acquisition will be financed through Radian’s available liquidity and excess capital from its subsidiaries.
This move represents a major milestone in Radian Group Inc. (NYSE:RDN)’s shift from being a leading US mortgage insurer to becoming a global, diversified specialty insurer. The deal is expected to significantly enhance the company’s product range and expertise while making better use of its excess capital. Once completed, the acquisition is projected to double Radian’s annual revenue and provide greater flexibility in allocating capital across various insurance lines during different business cycles.
Alongside its growth initiatives, Radian Group Inc. (NYSE:RDN) continues to prioritize shareholder returns. During the second quarter, Radian Guaranty distributed a $200 million ordinary dividend to the holding company, while Radian repurchased $223 million worth of shares and paid $35 million in dividends to shareholders. The company has been growing its payouts for six consecutive years, which makes it one of the best dividend stocks to invest in. Currently, it offers a quarterly dividend of $0.255 per share and has a dividend yield of 3.03%, as of October 30.
While we acknowledge the potential of RDN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts and 11 Best FTSE Dividend Stocks to Buy Right Now.
Disclosure: None.
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