The Sr. EVP, General Counsel of Radian Group is Exercising Options


Today, the Sr. EVP, General Counsel of Radian Group, Edward Hoffman, exercised options of Radian Group (NYSE: RDN) for $245.5K. The options were close to expired and Edward Hoffman disposed stocks.

In addition to Edward Hoffman, 2 other RDN executives reported Sell trades in the last month.

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Based on Radian Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $292 million and quarterly net profit of $114 million. In comparison, last year the company earned revenue of $289 million and had a net profit of $76.47 million. RDN’s market cap is $3.52B and the company has a P/E ratio of 22.68. Currently, Radian Group has an average volume of 1.35M.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.53, reflecting a -30.3% downside. Three different firms, including Barclays and Macquarie, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $245.5K worth of RDN shares and purchased $359.4K worth of RDN shares. The insider sentiment on Radian Group has been positive according to 18 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Radian Group, Inc. is a holding company, which engages in the provision of private mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage Insurance and Services business segment.

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