Roth Capital Reaffirms Buy on Radian (RDN) as Inigo Deal Advances Specialty Insurance Push

Core Viewpoint - Radian Group Inc. is advancing its strategy towards becoming a diversified specialty insurer through the acquisition of Inigo Limited, which is expected to enhance its market position and operational capabilities [2][4]. Group 1: Acquisition Details - Radian has secured all necessary regulatory approvals for the acquisition of Inigo Limited, a specialty insurance group underwritten through Lloyd's of London, with the transaction expected to close in February 2026 [3]. - The acquisition is framed as a major milestone in Radian's long-term strategy, transitioning from a leading US mortgage insurer to a more global and diversified specialty insurer [4]. Group 2: Financial Projections - Roth Capital has reaffirmed a Buy rating on Radian, maintaining a price target of $45 per share, and has raised its 2025 EPS forecast to $4.25 from $4.05, citing stronger-than-expected Q3 results [2]. Group 3: Operational Integration - Post-acquisition, Inigo will operate as a business unit of Radian while retaining its underwriting base in London, combining Radian's financial strength and risk management with Inigo's specialty market expertise [5].