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Richard G. Thornberry, Chief Executive Officer of Radian Group Inc . (NYSE:RDN), a $4.5 billion market cap company trading at a P/E ratio of 8x, has recently sold 20,000 shares of the company’s common stock. According to InvestingPro analysis, the company currently appears fairly valued based on its Fair Value model. The shares were sold at an average price of $31.4597 each, totaling approximately $629,194. This transaction was conducted as part of a pre-arranged trading plan under Rule 10b5-1, which was established in August 2024. Following the sale, Thornberry retains ownership of 809,452 shares. The company maintains a solid 3.2% dividend yield and has maintained dividend payments for 33 consecutive years, demonstrating strong financial stability. InvestingPro subscribers can access 6 additional key insights about Radian Group’s financial health and growth prospects.
In other recent news, Radian Group Inc. has announced an increase in its quarterly dividend for the sixth consecutive year. The Board of Directors approved a new quarterly dividend of $0.255 per share, representing a 4.1 percent increase from the previous rate. Stockholders of record as of February 24, 2025, will be eligible to receive the dividend, which is scheduled for payment on March 11, 2025. Over the past five years, Radian’s quarterly dividend has more than doubled, showcasing the company’s commitment to enhancing shareholder value. CEO Rick Thornberry attributed this increase to Radian’s strong financial health and strategic agility. He noted that the company’s dividend yield leads the private mortgage insurance industry, highlighting their focus on shareholder returns and financial excellence. These developments reflect Radian’s ongoing strategy to deliver value to investors through regular and increasing dividend payments.
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