Real estate cos Kennedy-Wilson, Radian jump ahead of S&P SmallCap addition

Radian

06/03/2023 15:44

** Shares of Kennedy-Wilson Holdings Inc  KW.N  up 9.9% at
$18.37, and Radian Group Inc's  RDN.N  stock up 6.4% at $23.30
ahead of S&P quarterly rebalance
    ** Real estate operator Kennedy and mortgage finance firm
Radian set to join S&P SmallCap 600 index  .SPCY  effective Mon,
Mar 20, S&P Dow Jones Indices announced
    ** KW shares, which had $2.3 bln market cap as of Fri, on
track for biggest one-day pct gain in 3 years, if gains hold
    ** Shares of RDN sitting at highest levels since last Aug.
As of Fri, co had $3.4 bln market value
    ** With moves on the session, KW shares up ~17% YTD, while
RDN shares up ~22%

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))