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Stock Market & Financial Investment News

News Breaks
January 14, 2013
16:02 EDTRDNRadian Group Completes Commutation of $827M reinsurance portfolio to FGIC
Radian Group announced that on January 9 its financial guaranty insurance subsidiary, Radian Asset Assurance Inc., completed the commutation of its remaining reinsurance risk from Financial Guaranty Insurance Company, FGIC. As previously reported when the companies entered into the agreement, the outstanding par reinsured by Radian Asset from FGIC was $827 million as of September 30, 2012.
News For RDN From The Last 14 Days
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October 30, 2014
09:14 EDTRDNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
07:18 EDTRDNRadian Group reports Q3 EPS 67c, may not compare to consensus 33c
Reports Q3 revenue $309.3M, consensus $215.77M. Reports Q3 new mortgage insurance written was $11.2B. Reports the total number of primary delinquent loans decreased by 4% in Q3 from Q2. Reports Q3 total mortgage insurance claims paid were $173.9M.

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