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Radian Expands Buyback Program

The credit-risk manangement outfit OKs buying 2 million more shares.

Credit-risk management company

Radian Group

(RDN) - Get Radian Group Inc. Report

said Thursday that its board of directors authorized the purchase of an additional 2 million shares as part of an expansion of an existing stock-repurchase program.

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Since the program's inception in February, the Philadelphia-based company repurchased 4 million shares at a price of more than $236 million.

The company's shares were trading up a penny, to $53.97 Thursday.

This story was created through a joint venture between and IRIS.