RDN Radian Group Inc. Common Stock

NYSE · Financial Services · View on SEC EDGAR ↗
$36.88
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$32–$41
56% of range
Analyst Rating
BUY
10 analysts
Price Target
$44
+19% upside
P/E (TTM)
8.9
ROE
12.4%
Net Profit Margin
48.7%

About Radian Group Inc. Common Stock Company overview from Wikipedia

Radian Group Inc. is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.

Read more

Radian Group Inc. (NYSE: RDN) is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.

The company is headquartered at Centre Square in Philadelphia.

Radian Companies

Radian is a group of separately capitalized companies that share a unified strategic focus. Radian's core business, Radian Guaranty Inc., provides private mortgage insurance to protect lenders from default-related losses, facilitate the sale of low-down-payment mortgages in the secondary market and enable homebuyers to purchase homes with down-payments less than 20%. In 2019 it had a net income of $672.3 million. Vanguard Group Inc, FMR LLC, Blackrock Inc are some of the highest stock holders of Radian Group Inc.

Acquisitions

In December 2025, it was announced that Radian had received all regulatory approvals for its planned US$1.7 billion acquisition of Inigo Limited, a specialty insurer operating through Lloyd’s of London. The deal would see Inigo operate as a Radian business unit while retaining its London presence.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

RDN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$36.88
Market Cap
$4.97B
P/E (TTM)
8.9
EPS (TTM)
$4.14
Revenue (TTM)
$1.20B
Div Yield
2.9%
ROE
12.4%
Debt/Equity
—
52W Range
$32 – $41

RDN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.20B
10-point trend, -3.3%
2016-12-31 → 2025-12-31
EPS $4.14
10-point trend, +202.2%
2016-12-31 → 2025-12-31
Free Cash Flow $116M
3-point trend, -77.5%
2023-12-31 → 2025-12-31
Margins 48.7%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
RDN
Peer Median
P/E (TTM)
5-point trend, +30.0%
8.9
9.8
P/S (TTM)
5-point trend, +46.2%
4.2
1.5
P/B
5-point trend, +17.2%
1.0
1.2
Price / FCF
3-point trend, +394.8%
43.0
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
RDN
Peer Median
Net Profit Margin
5-point trend, +7.7%
48.7%
13.5%
ROA
5-point trend, -8.9%
6.9%
1.2%
ROE
5-point trend, -11.9%
12.4%
12.0%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
RDN
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
RDN
Peer Median
Revenue YoY
5-point trend, -10.0%
-0.76%
—
Revenue CAGR 3Y
5-point trend, -10.0%
0.18%
—
Revenue CAGR 5Y
5-point trend, -10.0%
-3.6%
—
EPS YoY
5-point trend, +31.0%
5.6%
—
Net Income YoY
5-point trend, -3.0%
-3.6%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
RDN
Peer Median
EPS (Diluted)
5-point trend, +31.0%
$4.14
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
RDN
Peer Median
Payout Ratio
5-point trend, +45.3%
25.0%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.9%
Payout Ratio
25.0%
5Y Div CAGR
—
Ex-dateAmount
June 2, 2026$0.2550
Feb. 23, 2026$0.2550
Nov. 24, 2025$0.2550
Aug. 25, 2025$0.2550
June 2, 2025$0.2550
Feb. 24, 2025$0.2550
Nov. 25, 2024$0.2450
Aug. 26, 2024$0.2450
June 4, 2024$0.2450
Feb. 23, 2024$0.2450
Nov. 24, 2023$0.2250
Aug. 18, 2023$0.2250
May 26, 2023$0.2250
Feb. 24, 2023$0.2250
Nov. 18, 2022$0.2000
Aug. 19, 2022$0.2000
May 20, 2022$0.2000
Feb. 17, 2022$0.2000
Nov. 19, 2021$0.1400
Aug. 20, 2021$0.1400

RDN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 10 analysts
  • Strong Buy 3 30.0%
  • Buy 5 50.0%
  • Hold 2 20.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-08-17
Median target $45.00 +22.0%
Mean target $43.80 +18.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.00%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.14 $1.35 -0.21%
March 31, 2026 $1.27 $1.23 0.04%
Dec. 31, 2025 $1.15 $1.10 0.05%
Sept. 30, 2025 $1.11 $1.03 0.08%
June 30, 2025 $1.01 $0.99 0.02%
March 31, 2025 $0.99 $0.97 0.02%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
RDN $4.88B 8.7 -0.76% 48.7% 12.4% —
RKT — -387.2 27.6% -54.4% -0.45% —
ACT $5.64B 8.8 2.8% 54.6% 12.8% —
MTG $6.41B 9.3 0.49% 60.8% 14.3% —
PFSI $6.86B 14.2 -25.2% 2491.9% 12.0% —
NMIH $3.11B 8.3 8.5% 55.0% 15.5% —
MBIN — — — — — —
AGM — 10.6 8.9% 50.8% 12.7% —
UWMC — 36.5 18.2% 0.87% 1.6% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 12
Annual Income Statement data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +11.6% $1.20B $1.21B $1.18B $1.19B $1.33B $1.44B $1.53B $1.27B $1.22B $1.24B $1.19B $1.07B
Cost of Revenue 11-point trend, -14.3% · $38M $38M $82M $104M $86M $108M $98M $105M $114M $94M $45M
Operating Expenses 12-point trend, -39.0% $406M $361M $313M $238M $565M $959M $678M $589M $875M $755M $755M $666M
Interest Expense 12-point trend, -24.5% $68M $88M $86M $84M $84M $71M $56M $61M $63M $81M $91M $90M
Pretax Income 12-point trend, +94.3% $791M $846M $864M $953M $765M $479M $849M $684M $347M $484M $438M $407M
Income Tax 12-point trend, +120.3% $173M $185M $188M $210M $164M $86M $177M $78M $226M $175M $156M $-852M
Net Income 12-point trend, -39.3% $583M $604M $603M $743M $601M $394M $672M $606M $121M $308M $287M $960M
EPS (Basic) 12-point trend, -19.6% $4.18 $3.96 $3.81 $4.42 $3.19 $2.01 $3.22 $2.83 $0.56 $1.46 $1.44 $5.20
EPS (Diluted) 12-point trend, -0.5% $4.14 $3.92 $3.77 $4.35 $3.16 $2.00 $3.20 $2.77 $0.55 $1.37 $1.22 $4.16
Shares (Basic) 12-point trend, -24.4% 139,445,000 152,465,000 158,140,000 167,930,000 188,370,000 195,443,000 208,773,000 214,267,000 215,321,000 211,789,000 199,910,000 184,551,000
Shares (Diluted) 12-point trend, -39.8% 140,811,000 154,191,000 160,133,000 170,664,000 190,263,000 196,642,000 210,340,000 218,553,000 220,406,000 229,258,000 246,332,000 233,902,000
EBITDA 8-point trend, -82.5% $10M $18M $15M $15M $16M $18M $50M · · · · $57M
Balance Sheet 19
Annual Balance Sheet data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -18.5% $25M $19M $19M $56M $151M $88M $93M $95M $81M $52M $47M $30M
PP&E (Net) 12-point trend, -37.0% $17M $23M $64M $71M $75M $80M $88M $37M $38M $71M $47M $27M
PP&E (Gross) 7-point trend, +7.2% $246M $242M $275M $263M $247M $234M $230M · · · · ·
Accum. Depreciation 12-point trend, +128.8% $229M $219M $211M $192M $172M $154M $142M $63M $58M $118M $107M $100M
Goodwill 6-point trend, -100.0% · $0 $0 $10M $10M $10M · · · · · $192M
Intangibles 10-point trend, -100.0% · $0 $0 · $10M $13M $18M $45M $53M $81M $94M $96M
Total Assets 12-point trend, +18.7% $8.12B $8.69B $7.59B $7.06B $7.84B $7.95B $6.81B $6.31B $5.90B $5.86B $5.64B $6.84B
Short-term Debt $33M · · · · · · · · · · ·
Deferred Tax 7-point trend, +1225.5% $942M $772M $590M $391M $338M $214M $71M · · · · ·
Total Liabilities 12-point trend, -28.5% $3.34B $4.07B $3.20B $3.14B $3.58B $3.66B $2.76B $2.83B $2.90B $2.99B $3.15B $4.67B
Long-term Debt 5-point trend, -9.8% $1.08B · · · · · · · $1.03B $1.07B $1.22B $1.19B
Common Stock 10-point trend, -17.2% · · $173.0K $176.0K $194.0K $210.0K $219.0K $231.0K $233.0K $232.0K $224.0K $209.0K
Paid-in Capital 12-point trend, -66.0% $861M $1.25B $1.43B $1.52B $1.88B $2.25B $2.45B $2.72B $2.75B $2.78B $2.72B $2.53B
Retained Earnings 12-point trend, +1161.5% $5.13B $4.70B $4.24B $3.79B $3.18B $2.68B $2.39B $1.72B $1.12B $998M $692M $407M
Treasury Stock 12-point trend, +10.8% $990M $968M $946M $931M $921M $910M $902M $895M $894M $893M $893M $893M
AOCI 12-point trend, -531.5% $-222M $-350M $-331M $-457M $120M $264M $110M $-61M $23M $-12M $-18M $51M
Stockholders' Equity 12-point trend, +128.0% $4.78B $4.62B $4.40B $3.92B $4.26B $4.28B $4.05B $3.49B $3.00B $2.87B $2.50B $2.10B
Liabilities + Equity 12-point trend, +18.7% $8.12B $8.69B $7.59B $7.06B $7.84B $7.95B $6.81B $6.31B $5.90B $5.86B $5.64B $6.84B
Shares Outstanding 12-point trend, -29.1% 135,498,000 147,569,000 153,179,000 157,056,000 175,421,000 191,606,000 201,164,000 213,473,000 215,814,188 214,521,079 206,871,768 191,053,530
Cash Flow 18
Annual Cash Flow data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
D&A 10-point trend, -82.5% $10M $15M $12M $15M $16M $18M $21M $19M $58M · · $57M
Deferred Tax 12-point trend, +116.8% $139M $166M $173M $207M $162M $102M $157M $121M $167M $171M $156M $-826M
Amort. of Intangibles 11-point trend, -100.0% · $0 $5M $4M $3M $5M $9M $12M $12M $13M $13M $9M
Restructuring 4-point trend, +2500000.00 · · · · · · · $2M $17M $0 $0 ·
Other Non-cash 8-point trend, -86.9% $-611M $-1.45B $-254M $-577M $-221M $144M $-185M · · · · $-327M
Operating Cash Flow 12-point trend, +182.0% $120M $-664M $529M $388M $557M $658M $694M $678M $361M $382M $12M $-146M
CapEx 5-point trend, -66.6% $4M $2M $9M $18M $13M · · · · · · ·
Investing Cash Flow 12-point trend, +137.9% $127M $328M $-301M $-5M $-2M $-883M $-302M $-689M $-201M $-176M $3M $-336M
Net Debt Issued 8-point trend, +100.0% · · · · $0 $0 $-611M $0 $-594M $-445M $-156M $-57M
Stock Issued 12-point trend, -99.6% $1M $928.0K $2M $1M $1M $2M $2M $1M $7M $717.0K $1M $247M
Stock Repurchased 12-point trend, +431909000.00 $432M $225M $133M $400M $399M $226M $300M $50M $6.0K $100M $202M $0
Net Stock Activity 12-point trend, -274.3% $-431M $-224M $-132M $-399M $-398M $-225M $-298M $-49M $7M $-99M $-201M $247M
Dividends Paid 12-point trend, +7707.8% $146M $152M $146M $135M $103M $97M $2M $2M $2M $2M $2M $2M
Financing Cash Flow 12-point trend, -150.4% $-243M $357M $-265M $-479M $-497M $223M $-403M $22M $-125M $-203M $601.0K $482M
Net Change in Cash 9-point trend, -88.2% $4M $21M $-36M $-96M $58M $-2M $-11M $11M $34M · · ·
Taxes Paid 12-point trend, +3280.3% $137M $173M $154M $244M $144M $81M $71M $8M $94M $-673.0K $4M $-4M
Free Cash Flow 3-point trend, -77.5% $116M $-667M $513M · · · · · · · · ·
Levered FCF 3-point trend, -85.9% $62M $-751M $443M · · · · · · · · ·
Profitability 5
Annual Profitability data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, -45.6% 48.7% 46.9% 48.6% 62.4% 45.2% 27.4% 44.0% 47.6% 9.9% 24.9% 24.1% 89.5%
Pretax Margin 11-point trend, +80.2% 66.1% 59.8% 61.9% 80.0% 57.5% 33.3% 55.6% 53.8% 28.4% 39.1% 36.7% ·
EBITDA Margin 8-point trend, -84.3% 0.84% 1.4% 1.2% 1.3% 1.2% 1.3% 3.3% · · · · 5.3%
ROA 12-point trend, -55.3% 6.9% 7.4% 8.2% 10.0% 7.6% 5.3% 10.2% 9.9% 2.1% 5.4% 4.6% 15.5%
ROE 12-point trend, -80.4% 12.4% 13.0% 14.1% 19.4% 14.1% 9.4% 17.8% 18.7% 4.1% 11.5% 12.5% 63.2%
Efficiency 1
Annual Efficiency data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -17.8% 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Per Share 6
Annual Per Share data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 8-point trend, +221.5% $35.29 $31.33 $28.71 $24.95 $24.28 · · · · $13.39 $12.07 $10.98
Revenue / Share 12-point trend, +85.4% $8.50 $8.37 $7.75 $6.98 $6.99 $7.32 $7.26 $5.82 $5.54 $5.40 $4.84 $4.59
Cash Flow / Share 12-point trend, +246.2% $0.85 $-4.30 $3.31 $2.28 $2.93 $3.35 $3.30 $3.10 $1.64 $1.67 $0.06 $-0.58
Cash / Share 8-point trend, +14.9% $0.18 $0.26 $0.12 $0.36 $0.86 · · · · $0.24 $0.23 $0.16
Dividend / Share 9-point trend, +10100.0% $1 $1 $1 $1 $1 · · · $0 $0 $0 $0
EPS (TTM) 12-point trend, -0.5% $4.14 $3.92 $3.77 $4.35 $3.16 $2.00 $3.20 $2.77 $0.55 $1.37 $1.22 $4.16
Growth Rates 10
Annual Growth Rates data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +89.9% -0.76% 2.5% -1.1% -10.5% -7.5% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +102.8% 0.18% -3.2% -6.5% · · · · · · · · ·
Revenue CAGR 5Y -3.6% · · · · · · · · · · ·
EPS YoY 5-point trend, -90.3% 5.6% 4.0% -13.3% 37.7% 58.0% · · · · · · ·
EPS CAGR 3Y 3-point trend, -107.0% -1.6% 7.4% 23.5% · · · · · · · · ·
EPS CAGR 5Y 15.7% · · · · · · · · · · ·
Net Income YoY 5-point trend, -106.9% -3.6% 0.22% -18.8% 23.7% 52.6% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -150.9% -7.8% 0.21% 15.3% · · · · · · · · ·
Net Income CAGR 5Y 8.2% · · · · · · · · · · ·
Dividend CAGR 5Y 8.4% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for RDN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +11.6% $1.20B $1.21B $1.18B $1.19B $1.33B $1.44B $1.53B $1.27B $1.22B $1.24B $1.19B $1.07B
Net Income TTM 12-point trend, -39.3% $583M $604M $603M $743M $601M $394M $672M $606M $121M $308M $287M $960M
Market Cap 8-point trend, +52.7% $4.88B $4.68B $4.37B $3.00B $3.71B · · · · $3.86B $2.77B $3.19B
P/E 12-point trend, +116.3% 8.7 8.1 7.6 4.4 6.7 10.1 7.9 5.9 37.5 13.1 11.0 4.0
P/S 8-point trend, +36.8% 4.1 3.9 3.7 2.5 2.8 · · · · 3.1 2.3 3.0
P/B 8-point trend, -33.0% 1.0 1.0 1.0 0.8 0.9 · · · · 1.3 1.1 1.5
P / Tangible Book 5-point trend, +16.6% 1.0 1.0 1.0 0.8 0.9 · · · · · · ·
P / Cash Flow 8-point trend, +273.4% 40.7 -7.1 8.3 7.7 6.7 · · · · 10.1 201.4 -23.5
P / FCF 3-point trend, +394.8% 42.2 -7.0 8.5 · · · · · · · · ·
Dividend Yield 8-point trend, +4883.3% 3.0% 3.2% 3.3% 4.5% 2.8% · · · · 0.05% 0.07% 0.06%
Earnings Yield 12-point trend, -53.8% 11.5% 12.4% 13.2% 22.8% 15.0% 9.9% 12.7% 16.9% 2.7% 7.6% 9.1% 24.9%
Payout Ratio 12-point trend, +13052.6% 25.0% 25.1% 24.2% 18.2% 17.2% 24.8% 0.31% 0.35% 1.8% 0.68% 0.70% 0.19%
Annual Payout 12-point trend, +7707.8% $146M $152M $146M $135M $103M $97M $2M $2M $2M $2M $2M $2M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.20B$1.21B$1.18B$1.19B$1.33B
Net Income $583M$604M$603M$743M$601M
Diluted EPS $4.14$3.92$3.77$4.35$3.16
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $116M$-667M$513M——

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 417 filers · $3.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
66 (+4 vs prior Q) 44 (-8 vs prior Q) 146 (+2 vs prior Q) 110 (-1 vs prior Q) +17.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $543,771,902 15,108,972 15.02% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $348,128,322 9,241,527 9.62% Shares
VANGUARD CAPITAL MANAGEMENT LLC $225,683,720 5,991,073 6.24% Shares
STATE STREET CORP $225,108,461 5,975,802 6.22% Shares
DIMENSIONAL FUND ADVISORS LP $215,856,872 5,730,206 5.96% Shares
AMERICAN CENTURY COMPANIES INC $192,893,944 5,120,625 5.33% Shares
DONALD SMITH & CO., INC. $163,103,980 4,329,811 4.51% Shares
GEODE CAPITAL MANAGEMENT, LLC $116,005,033 3,078,888 3.21% Shares
Caisse de depot et placement du Quebec $89,333,765 2,371,483 2.47% Shares
NORGES BANK $84,186,234 2,234,835 2.33% Shares
CITADEL ADVISORS LLC $77,774,725 2,064,633 2.15% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $75,402,487 2,001,659 2.08% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $72,168,826 1,915,817 1.99% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $69,655,586 1,935,415 1.92% Shares
Polar Capital Holdings Plc $62,532,200 1,660,000 1.73% Shares
BRUNI J V & CO /CO $59,355,376 1,575,667 1.64% Shares
Qube Research & Technologies Ltd $42,950,355 1,140,174 1.19% Shares
River Road Asset Management, LLC $40,733,965 1,081,337 1.13% Shares
VANGUARD FIDUCIARY TRUST CO $33,217,293 881,797 0.92% Shares
PRUDENTIAL FINANCIAL INC $32,573,061 864,695 0.90% Shares
AEGIS FINANCIAL CORP $30,795,677 817,512 0.85% Shares
Bank of New York Mellon Corp $26,215,457 695,924 0.72% Shares
MetLife Investment Management, LLC $24,697,733 655,634 0.68% Shares
WELLINGTON MANAGEMENT GROUP LLP $22,941,746 609,019 0.63% Shares
Public Sector Pension Investment Board $21,928,272 582,115 0.61% Shares
Robeco Institutional Asset Management B.V. $21,062,463 559,131 0.58% Shares
AMERIPRISE FINANCIAL INC $20,779,746 551,625 0.57% Shares
TWO SIGMA ADVISERS, LP $20,309,157 564,300 0.56% Shares
Interval Partners, LP $19,609,420 520,558 0.54% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $19,000,628 514,791 0.52% Shares
ALPS ADVISORS INC $18,944,695 502,912 0.52% Shares
MILLENNIUM MANAGEMENT LLC $17,495,417 464,439 0.48% Shares
GOLDMAN SACHS GROUP INC $17,044,244 452,462 0.47% Shares
Man Group plc $15,834,434 420,346 0.44% Shares
Glenmede Investment Management, LP $15,147,566 418,210 0.42% Shares
RHUMBLINE ADVISERS $14,312,080 379,934 0.40% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $14,071,704 373,552 0.39% Shares
Nuveen Asset Management, LLC $12,822,747 404,248 0.35% Shares
GLENMEDE TRUST CO NA $12,821,587 340,366 0.35% Shares
FRANKLIN RESOURCES INC $12,689,629 336,863 0.35% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $12,370,828 328,400 0.34% Shares
Brandywine Global Investment Management, LLC $11,977,112 332,790 0.33% Shares
SKBA CAPITAL MANAGEMENT LLC $11,421,544 303,200 0.32% Shares
DANSKE BANK A/S $11,410,092 302,896 0.32% Shares
VICTORY CAPITAL MANAGEMENT INC $11,312,979 300,318 0.31% Shares
California Public Employees Retirement System $11,268,566 299,139 0.31% Shares
Squarepoint Ops LLC $10,566,247 280,495 0.29% Shares
Swiss National Bank $10,300,862 273,450 0.28% Shares
CAPITAL FUND MANAGEMENT S.A. $9,974,413 264,784 0.28% Shares
First Eagle Investment Management, LLC $8,656,604 229,801 0.24% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $8,263,291 219,360 0.23% Shares
Legal & General Group Plc $7,687,279 204,069 0.21% Shares
Cander Asset Management LP $7,487,817 198,774 0.21% Shares
MORGAN STANLEY $7,310,592 194,069 0.20% Shares
D. E. Shaw & Co., Inc. $7,133,982 189,381 0.20% Shares
Allianz Asset Management GmbH $7,010,349 186,099 0.19% Shares
ENVESTNET ASSET MANAGEMENT INC $6,955,964 184,655 0.19% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $6,664,426 176,916 0.18% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $6,422,282 170,488 0.18% Shares
BANK OF AMERICA CORP /DE/ $6,044,980 160,472 0.17% Shares
FMR LLC $6,037,917 160,284 0.17% Shares
TWO SIGMA INVESTMENTS, LP $5,729,758 152,104 0.16% Shares
INTECH INVESTMENT MANAGEMENT LLC $5,727,272 152,038 0.16% Shares
ALLIANCEBERNSTEIN L.P. $5,667,629 171,331 0.16% Shares
RBF Capital, LLC $5,650,500 150,000 0.16% Shares
SEI INVESTMENTS CO $5,629,440 149,441 0.16% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $5,619,233 169,868 0.16% Shares
FIFTH THIRD BANCORP $5,558,863 147,567 0.15% Shares
NFJ INVESTMENT GROUP, LLC $5,393,628 143,181 0.15% Shares
Schonfeld Strategic Advisors LLC $5,361,494 142,328 0.15% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $5,109,832 135,145 0.14% Shares
WESTPORT ASSET MANAGEMENT INC $4,911,076 130,371 0.14% Shares
VANGUARD ASSET MANAGEMENT, Ltd $4,802,548 127,490 0.13% Shares
Dana Investment Advisors, Inc. $4,508,195 119,676 0.12% Shares
BlackRock, Inc. $4,281,346 113,654 0.12% Shares
CANADA PENSION PLAN INVESTMENT BOARD $4,177,603 110,900 0.12% Shares
BNP PARIBAS FINANCIAL MARKETS $4,156,771 110,347 0.11% Shares
Vanguard Global Advisers, LLC $4,149,237 110,147 0.11% Shares
PICTON MAHONEY ASSET MANAGEMENT $3,873,720 102,833 0.11% Shares
Assenagon Asset Management S.A. $3,726,994 98,938 0.10% Shares
MARTINGALE ASSET MANAGEMENT L P $3,723,680 98,850 0.10% Shares
RAYMOND JAMES FINANCIAL INC $3,709,488 98,473 0.10% Shares
ROYCE & ASSOCIATES LP $3,510,505 93,191 0.10% Shares
Nuveen, LLC $3,474,982 92,248 0.10% Shares
NEW VERNON INVESTMENT MANAGEMENT LLC $3,391,468 90,031 0.09% Shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main $3,384,235 89,839 0.09% Shares
Sterling Capital Management LLC $3,365,739 89,348 0.09% Shares
Bridgewater Associates, LP $3,275,896 86,963 0.09% Shares
GREAT LAKES ADVISORS, LLC $3,173,434 84,243 0.09% Shares
UBS Group AG $3,064,304 81,346 0.08% Shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC $3,002,337 79,701 0.08% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $2,912,000 77,300 0.08% Shares
Skopos Labs, Inc. $2,880,912 87,090 0.08% Shares
Elo Mutual Pension Insurance Co $2,865,142 76,059 0.08% Shares
Horizon Investments, LLC $2,780,649 73,816 0.08% Shares
KLP KAPITALFORVALTNING AS $2,667,036 70,800 0.07% Shares
Holocene Advisors, LP $2,662,892 70,690 0.07% Shares
Illinois Municipal Retirement Fund $2,650,951 70,373 0.07% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $2,645,037 70,216 0.07% Shares
SummitTX Capital, L.P. $2,593,580 68,850 0.07% Shares

Company insiders 59 insiders · 34 officers · 23 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael S Weinbach Chief Executive Officer- Elect June 1, 2026 A 170,000 2 0 $5,768,727
Richard Colin Watson CEO, Inigo Limited May 21, 2026 A — 0 0 $0
Richard G Thornberry Chief Executive Officer May 21, 2026 A 1,112,512 0 3 $-2,085,200
Sanford A Ibrahim Chief Executive Officer March 3, 2017 A 208,692 0 0 $0
Daniel Kobell Sr. EVP, Interim CFO May 21, 2026 A 13,272 0 0 $0
Sumita Pandit President & CFO May 21, 2025 A 25,864 0 0 $0
Franklin J Hall Sr. EVP - CFO May 15, 2022 F 129,631 0 0 $0
Robert C Quint EVP and CFO June 17, 2014 A 116,903 0 0 $0
Derek Brummer President, Mortgage Insurance Dec. 6, 2024 S 157,330 0 0 $0
Jeffrey Tennyson President, Clayton May 10, 2017 A — 0 0 $0
Teresa Bryce President of Radian Guaranty Feb. 14, 2017 M 118,298 0 0 $0
Joseph Durso President of Clayton Holdings July 9, 2015 A — 0 0 $0
Paul T Bossidy President of Clayton Holdings July 1, 2014 A — 0 0 $0
David M Applegate President -Radian Guaranty Nov. 1, 2007 A — 0 0 $0
Roy James Kasmar Former President May 23, 2007 M 17,565 0 0 $0
Stephen Cooke President of operating subsidi May 8, 2007 A 20,000 0 0 $0
Martin Kamarck President of Enhance Financial June 21, 2005 A 890 0 0 $0
Mary Dickerson Sr. EVP, CPO & COO May 21, 2026 A 30,162 0 0 $0
Robert Griffith Chief Operating Officer June 9, 2011 A — 0 0 $0
Edward J Hoffman Sr EVP, General Counsel July 14, 2026 S 126,543 0 7 $-3,340,000
Stephen Keleher Sr. EVP, Co-Head of MI May 21, 2026 A 35,427 0 0 $0
Robert Quigley Sr. EVP, CAO May 21, 2026 A 75,223 0 0 $0
Eric Ray Sr. EVP, Chief Digital Officer May 21, 2026 A 40,061 0 1 $-496,869
Brien Mcmahon Sr.EVP/Chief Franchise Officer May 23, 2024 M 133,606 0 0 $0
Catherine Mary Jackson SVP, Chief Accounting Officer May 10, 2018 M 64,505 0 0 $0
Richard Altman Chief Information Officer Feb. 15, 2017 M 45,596 0 0 $0
Scott Theobald EVP, MI Risk May 14, 2013 A 21,360 0 0 $0
Lawrence Delgatto Exec Vice President, CTO Feb. 5, 2010 F 26,677 0 0 $0
Robert E Croner Senior Vice President May 8, 2007 A 3,000 0 0 $0
Mark Casale Senior Vice President May 8, 2007 A 24,739 0 0 $0
John Calamari Senior Vice President Feb. 8, 2007 M 0 0 0 $0
Howard S Yaruss Executive VP and Secretary Sept. 27, 2006 M 9,728 0 0 $0
Suzanne Hammett EVP, Chief Risk Officer July 24, 2006 S 8,795 0 0 $0
Elizabeth Shuttleworth Sr. Vice President - Feb. 17, 2004 S 0 0 0 $0
Howard Bernard Culang Director June 17, 2026 A 8,050 0 2 $-311,032
Brad L. Conner Director June 3, 2026 S 37,649 0 1 $-40,716
Margaret Anne Leyden Director May 29, 2026 S 6,864 0 1 $-71,601
Jed Rhoads Director May 21, 2026 A 6,147 0 0 $0
Fawad Ahmad Director May 21, 2026 A 15,815 0 0 $0
Seraina Macia Director May 21, 2026 A 1,237 0 0 $0
Brian D Montgomery Director May 21, 2026 A 14,922 0 0 $0
Noel Joseph Spiegel Director May 21, 2026 A 20,008 0 1 $-174,894
Lisa Mumford Director May 21, 2026 A 27,162 0 0 $0
HESS DEBRA ANN Director May 21, 2026 A 20,777 0 0 $0
Gregory Serio Director May 15, 2026 M 10,274 0 0 $0
Lisa W Hess Director May 22, 2024 A 6,417 0 0 $0
Gaetano Muzio Director May 17, 2023 A — 0 0 $0
Herbert Wender Director Dec. 3, 2021 A 192,670 0 0 $0
David Charles Carney Director March 6, 2020 A 5,200 0 0 $0
Steve Hopkins Director March 1, 2019 A 10,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 97 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
OUSM · ALPS ETF Trust 1.94% 498,252 NS May 31, 2026 N-PORT
PSCF · Invesco Exchange-Traded Fund Trust … 1.06% 7,861 SH Aug. 8, 2026 Daily
HAPS · Harbor ETF Trust 0.96% 42,401 NS April 30, 2026 N-PORT
XSHQ · Invesco Exchange-Traded Fund Trust … 0.93% 81,035 SH Aug. 8, 2026 Daily
XSVM · Invesco Exchange-Traded Fund Trust 0.93% 167,250 SH Aug. 8, 2026 Daily
MYLD · Cambria ETF Trust 0.89% 7,311 NS April 30, 2026 N-PORT
XSLV · Invesco Exchange-Traded Fund Trust … 0.85% 57,170 SH Aug. 8, 2026 Daily
FNK · First Trust Exchange-Traded AlphaDE… 0.76% 46,070 NS April 30, 2026 N-PORT
HOMZ · ETF Series Solutions 0.69% 6,838 NS May 31, 2026 N-PORT
CVY · Invesco Exchange-Traded Fund Trust 0.66% 22,150 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.54% 42,233 SH Aug. 8, 2026 Daily
AVUV · AMERICAN CENTURY ETF TRUST 0.54% 4,258,841 NS May 31, 2026 N-PORT
HSMV · First Trust Exchange-Traded Fund III 0.48% 4,042 NS April 30, 2026 N-PORT
GMOV · GMO ETF Trust 0.45% 12,099 NS May 31, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.44% 20,895 NS May 31, 2026 N-PORT
SIXL · EXCHANGE TRADED CONCEPTS TRUST 0.43% 23,839 NS May 31, 2026 N-PORT
EBIT · Harbor ETF Trust 0.43% 1,370 NS April 30, 2026 N-PORT
FNX · First Trust Exchange-Traded AlphaDE… 0.37% 137,518 NS April 30, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.33% 119,453 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.32% 1,278,570 SH Aug. 8, 2026 Daily
AFSM · First Trust Exchange-Traded Fund VI… 0.32% 9,113 NS May 31, 2026 N-PORT
QVMS · Invesco Exchange-Traded Fund Trust … 0.31% 21,309 SH Aug. 8, 2026 Daily
XJR · iShares Trust 0.30% 15,713 SH Aug. 8, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.27% 465,025 SH Aug. 8, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS 0.27% 79,140 SH Aug. 8, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.27% 141,082 SH Aug. 8, 2026 Daily
IJT · iShares Trust 0.27% 617,223 SH Aug. 8, 2026 Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.26% 43,367 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.26% 549,532 NS April 30, 2026 N-PORT
IJS · iShares Trust 0.26% 591,933 SH Aug. 8, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.23% 8,904 NS April 30, 2026 N-PORT
IJR · iShares Trust 0.22% 6,618,430 SH Aug. 8, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.21% 4,842 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.21% 1,622 NS May 31, 2026 N-PORT
SDVD · First Trust Exchange-Traded Fund IV 0.19% 44,608 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.18% 471,434 NS May 31, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.17% 137,563 NS May 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.16% 622,834 NS April 30, 2026 N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe… 0.16% 4,563,000 Aug. 8, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.16% 36,742 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.16% 787,167 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.16% 3,484,339 SH Aug. 8, 2026 Daily
FSMD · FIDELITY COVINGTON TRUST 0.16% 103,237 NS April 30, 2026 N-PORT
ISCV · iShares Trust 0.16% 30,035 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.15% 58,764 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.14% 41,273 NS May 31, 2026 N-PORT
SMDX · Tidal Trust III 0.14% 4,998 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.12% 6,383 NS May 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.11% 1,937,093 SH Aug. 8, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND 0.11% 20,311 SH Aug. 8, 2026 Daily