Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of mortgage insurer Radian Group
So what: Analysts were expecting Radian to post a loss, but a much smaller loss than it ended up reporting. Radian's bottom line was in the red to the tune of $8.55 per share. The loss was driven by changes in the value of derivatives, losses on other financial instruments, a hefty tax adjustment, and continued struggles with insurance losses.
Now what: While the magnitude of the loss may have been a surprise, nobody should have been shocked at the general tenor of Radian's report. Just yesterday, we heard from Genworth Financial
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