What happened?

Shares of mortgage insurance provider Radian Group (NYSE: RDN) jumped 2.8% in the afternoon session after the company reported third-quarter 2026 financial results, with adjusted earnings per share above Wall Street expectations, and highlighted its share repurchases. 

According to a company press release, Radian Group reported third-quarter 2026 revenue of $624.1 million, up 107% year on year, and adjusted earnings per share of $1.44. Adjusted earnings per share was 18.9% above Wall Street's consensus estimate of $1.21, while revenue was in line with analyst estimates of $624.4 million. Additionally, the company repurchased 3.7 million shares for $135 million during the third quarter.

After the initial pop, the shares cooled down to $37.40, up 2.2% from the previous close.

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What is the market telling us

Radian Group’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock dropped 8.3% on the news that the company reported second-quarter 2026 results that missed Wall Street's profit expectations despite a significant rise in revenue. The mortgage insurance provider's sales grew 93.8% year-over-year to $575 million, but this strong top-line performance was overshadowed by its profitability. Radian's adjusted profit of $1.14 per share fell 15.7% short of analysts' consensus estimates. This earnings miss prompted a negative investor reaction, as concerns about the company's bottom-line performance outweighed the impressive revenue growth.

Radian Group is up 4.3% since the beginning of the year, and at $37.40 per share, it is trading close to its 52-week high of $39.71 from July 2026. Investors who bought $1,000 worth of Radian Group’s shares 5 years ago would now be looking at an investment worth $1,645.

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