U.S. private mortgage insurer Radian Group Inc said it would sell its financial guaranty insurance unit to Assured Guaranty Ltd for $810 million. Radian said it expects to complete the sale of the unit, Radian Asset Assurance Inc, in the first half of 2015.
Assured Guaranty Ltd. (AGL) is a Bermuda-based holding company. Shares of AGO remained unchanged at $25.46. In the past year, the shares have traded as low as $20.02 and as high as $26.78. On average, 1726640 shares of AGO exchange hands on a given day and today's volume is recorded at 0.
Radian Group Inc. is a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien mortgage loans (first-liens). Shares of RDN remained unchanged at $16.28. In the past year, the shares have traded as low as $12.18 and as high as $17.50. On average, 2491970 shares of RDN exchange hands on a given day and today's volume is recorded at 200.
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