DoD tests AI models that make it easy to switch from vendors like Palantir
This sale was part of a pre-arranged trading plan, known as a 10b5-1 plan, which Thornberry entered into in August 2024. Following this transaction, Thornberry retains direct ownership of 869,452 shares in the company. With the company’s next earnings report due in 7 days and two analysts recently revising earnings estimates upward, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including Radian Group (NYSE:RDN). With the company’s next earnings report due in 7 days and two analysts recently revising earnings estimates upward, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including Radian Group.
This sale was part of a pre-arranged trading plan, known as a 10b5-1 plan, which Thornberry entered into in August 2024. Following this transaction, Thornberry retains direct ownership of 869,452 shares in the company.
In other recent news, Radian Group has shown a strong financial performance with robust Q3 results, reporting revenues of $334 million and a net income of $152 million. This coincides with an 18% year-over-year increase in book value per share, reaching $31.37, and a growth in primary mortgage insurance in force to $275 billion. Keefe, Bruyette & Woods have maintained an Outperform rating on Radian Group, highlighting its strong return on equity and potential for buybacks.
Meanwhile, Essent Group (NYSE:ESNT), another mortgage insurance company, has also been spotlighted by Keefe, Bruyette & Woods as a top pick, despite a slight reduction in its stock price target. Essent Group reported a net income of $176 million in Q3, with a 2% year-over-year increase in its mortgage insurance portfolio.
In other recent developments, Radian Group expanded its credit facility from $125 million to $300 million, enhancing its financial flexibility. Furthermore, board member Lisa W. Hess (NYSE:HES) is set to retire in 2025, with no disagreement with Radian’s operations, policies, or practices cited as a reason. Radian Group has not yet detailed any changes to the board’s composition following Hess’s retirement. These are the recent highlights for both Radian Group and Essent Group.
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