Radian Group Completes Transformational Acquisition of Inigo Limited

Radian Group ( (RDN) ) has provided an update.

On February 2, 2026, Radian Group and its subsidiary Radian US Holdings completed the previously announced acquisition of UK-based specialty insurer Inigo Limited for $1.67 billion in largely cash consideration, a price representing roughly 1.4 times Inigo’s estimated 2025 tangible equity, with a portion of management’s payout taken in Radian stock and $25 million of retention cash awards granted to Inigo’s senior team. The deal, funded from Radian’s available liquidity and excess capital at its mortgage insurance unit, transforms Radian from a primarily U.S. private mortgage insurer into a global, diversified multi-line specialty insurer, with Inigo operating as a standalone London-based business unit under its existing leadership and brand, and is expected to roughly double Radian’s annual revenue, optimize use of surplus capital and strengthen its competitive position across insurance cycles; in tandem, Radian amended its short-term incentive plan and adopted a UK sub-plan under its equity compensation program to integrate Inigo’s employees into its broader reward structure.

The most recent analyst rating on (RDN) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Radian Group stock, see the RDN Stock Forecast page.

Spark’s Take on RDN Stock

According to Spark, TipRanks’ AI Analyst, RDN is a Outperform.

The score is driven primarily by solid financial stability and profitability, supported by constructive technical momentum and an attractive valuation (low P/E with a meaningful dividend). Offsetting factors are weak cash flow trends and execution/capital-return risks tied to the strategic shift and Inigo acquisition (including the share repurchase pause and higher defaults).

To see Spark’s full report on RDN stock, click here.

More about Radian Group

Radian Group Inc. (NYSE: RDN) is a global multi-line specialty insurer that historically built its business as a leading U.S. private mortgage insurer and is now leveraging its financial strength, proprietary risk analytics and disciplined capital allocation to offer diversified specialty insurance solutions to business clients worldwide. Inigo Limited, founded in 2020, operates through Lloyd’s Syndicate 1301, underwriting a multi-class specialty insurance and reinsurance portfolio for large commercial and industrial enterprises from its base in London.

Average Trading Volume: 975,208

Technical Sentiment Signal: Hold

Current Market Cap: $4.46B

For an in-depth examination of RDN stock, go to TipRanks’ Overview page.