Insider Trading in the Spotlight: Radian Group Inc (RDN)

Radian Group Inc (NYSE:RDN) insider has recently participated in insider trading activity. President of Radian Guaranty, Bryce Bazemore Teresa bought 1,900 shares for $20,425 via one transaction Feb 10. Another notable insider trading was done by WENDER HERBERT on Feb 03, who is the Non-Exec Chairman of the Board of the company. The insider acquired 5,000 shares at an average price of $10.00. Moreover, an insider buying of 25,000 shares was carried out by Ibrahim Sanford A, Chief Executive Officer at the company, on Feb 03. Following the transaction, the insider now owns 206,825 shares in total. SVP, Chief Accounting Officer, Jackson Catherine Mary bought 34,000 shares for $346,460 through one transaction Feb 03. Following this sale, this insider’s stake in the company comprises 61,673 shares, priced at $691971.06 as of Friday.

The stock has experienced a total of 8 insider trades in the past three months. These trades include Zero sell activities and 8 buy trades. Furthermore, over the past 12 months, the stock was traded 20 times by insiders. In 11 of these trades, the insider was a seller while an employee of the company was the buyer in nine instances.

On February 11, 2016, Radian Guaranty Inc., the private mortgage insurance subsidiary of Radian Group Inc (RDN), announced that it has been selected as a finalist for the Lender’s Choice Award of Best Service Providers in the Ellie Mae Hall of Fame. The Ellie Mae Hall of Fame honors companies who are shaping the mortgage industry and who have demonstrated exceptional results through their innovative use of Ellie Mae technology. Radian Guaranty is the only private mortgage insurer to be recognized in its category.

The Ellie Mae Hall of Fame awards ceremony, which anticipates over 2,000 attendees from across the mortgage industry, will take place on March 2 during Ellie Mae Experience 2016 at the Wynn Las Vegas. Awards will be presented by NBA legend, two-time Hall of Famer and entrepreneur Earvin “Magic” Johnson.

In separate news, on February 10, 2016, the company announced that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on March 7, 2016, to stockholders of record as of February 22, 2016.

Radian Group Inc., through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES). The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance that protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers, as well as facilitates the sale of these mortgage loans in the secondary mortgage market. It offers primary mortgage insurance coverage on residential first-liens.