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Stock impact report

UBS Cuts Radian Group (RDN) Price Target to $40; Company Announces $1.7 Billion Inigo Acquisition [Yahoo! Finance]

Radian Group Inc. (RDN) 
Last radian group inc. earnings: 2/5 06:27 pm Check Earnings Report
US:NYSE Investor Relations: radian.biz/page?name=investors
Company Research Source: Yahoo! Finance
UBS Cuts Radian Group (RDN) Price Target to $40; Company Announces $1.7 Billion Inigo Acquisition Photo by Vitaly Taranov on Unsplash Radian Group Inc. (NYSE:RDN) operates as a holding company o?ffering m?ortgage in?surance, risk management p?rodu?c?ts, and real estate ser?v?ices to fina?ncia?l institutions.? On October 15, UB?S reduced i?ts price targe?t for Radian Group Inc. (NYSE:RDN) from $43 to $40 w?hile maintaining? a N?eutral rating on the? stock.? I?n September, the compa?ny announced a defin?itive agreement? to acquire Inigo Limited, a p?rofita?ble Lloyd's speci?alty insurer, i?n a deal? valued at $1.7 billion, primarily? in cash. The acquisition will be financed through Radian's availab?le liquidity and excess capital from its s?ubsidiaries?. This move represents? a major? milestone in Radian Group Inc. (NYSE:RDN)'s shi?ft from being? a leading US mortgage insure?r? to becoming a global, diversi?fied spec?ialty insurer. The? deal is e?xpect?ed to significa?ntly e Show less Read more
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