Radian Group Inc. (RDN - Free Report) announced its strategic investment in a digital insurance agency, Covered Insurance Solutions, Inc. to digitally transform the entire mortgage process. The details of the investment were kept under wraps.
Covered Insurance Solutions is an independent digital insurance agency. Powered by technology, the insurance agency offers homebuyers with insurance options during the process of loan origination. It also enables homebuyers to purchase homeowners insurance at any time, including during the mortgage application process.
Radian has made this investment to boost its relationship with customers. The investment is focused on leveraging next-generation digital business models powered by data, analytics and technology. This strategic investment is intended to improve the digitalization of the industry.
Covered, winner of HousingWire Tech100 in the last two years, is a fintech startup and has partnered with top 10 lenders and top 10 servicers over the last three years to enhance product development. The recent partnership with Radian has enabled it to widen its presence in the mortgage ecosystem with comprehensive insurance offerings.
Following this partnership, Covered will offer significant value to customers and industry participants, and also support their development and growth.
Radian is a group of separately capitalized companies offering mortgage insurance, which protects lenders from default-related losses and enables homebuyers to purchase homes with down payments. Its mortgage insurance portfolio is expected to create a strong foundation for future earnings. The company remains focused on improving its mortgage insurance portfolio to drive long-term earnings growth.
Shares of this Zacks Rank #3 (Hold) insurer have gained 10.9% in a year’s time, against its industry's decline of 1.3%.
Stocks to Consider
Some better-ranked stocks in the same space include James River Group Holdings, Ltd. (JRVR - Free Report) , Kemper Corporation (KMPR - Free Report) and Cincinnati Financial Corporation (CINF - Free Report) each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks (Strong Buy) here.
James River Group, Kemper and Cincinnati Financial surpassed estimates in each of the last four quarters, with average positive surprise of 12.36%, 12.38% and 17.86% respectively.
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Radian Group Inc. (RDN - Free Report) announced its strategic investment in a digital insurance agency, Covered Insurance Solutions, Inc. to digitally transform the entire mortgage process. The details of the investment were kept under wraps.
Covered Insurance Solutions is an independent digital insurance agency. Powered by technology, the insurance agency offers homebuyers with insurance options during the process of loan origination. It also enables homebuyers to purchase homeowners insurance at any time, including during the mortgage application process.
Radian has made this investment to boost its relationship with customers. The investment is focused on leveraging next-generation digital business models powered by data, analytics and technology. This strategic investment is intended to improve the digitalization of the industry.
Covered, winner of HousingWire Tech100 in the last two years, is a fintech startup and has partnered with top 10 lenders and top 10 servicers over the last three years to enhance product development. The recent partnership with Radian has enabled it to widen its presence in the mortgage ecosystem with comprehensive insurance offerings.
Following this partnership, Covered will offer significant value to customers and industry participants, and also support their development and growth.
Radian is a group of separately capitalized companies offering mortgage insurance, which protects lenders from default-related losses and enables homebuyers to purchase homes with down payments. Its mortgage insurance portfolio is expected to create a strong foundation for future earnings. The company remains focused on improving its mortgage insurance portfolio to drive long-term earnings growth.
Shares of this Zacks Rank #3 (Hold) insurer have gained 10.9% in a year’s time, against its industry's decline of 1.3%.
Stocks to Consider
Some better-ranked stocks in the same space include James River Group Holdings, Ltd. (JRVR - Free Report) , Kemper Corporation (KMPR - Free Report) and Cincinnati Financial Corporation (CINF - Free Report) each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks (Strong Buy) here.
James River Group, Kemper and Cincinnati Financial surpassed estimates in each of the last four quarters, with average positive surprise of 12.36%, 12.38% and 17.86% respectively.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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