Derek Brummer, President of Mortgage Insurance at Radian Group Inc (RDN, Financial), executed a sale of 35,153 shares of the company on September 5, 2024. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 186,535 shares of Radian Group Inc.
Radian Group Inc operates in the mortgage insurance sector, providing products and services that include credit-related insurance coverage and financial services to mortgage lenders and other financial institutions.
Over the past year, Derek Brummer has sold a total of 90,153 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 13 insider sells and no insider buys over the past year.
On the date of the recent sale, shares of Radian Group Inc were priced at $35.36. The company has a market cap of approximately $5.26 billion. The price-earnings ratio stands at 9.08, which is below the industry median of 11.305.
The stock's valuation, according to the GF Value, is at $25.26, indicating that with a price-to-GF-Value ratio of 1.4, Radian Group Inc is considered significantly overvalued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
