Radian Chairman Sells 3,612 Shares. What the Insider Data Shows

Radian Group Chairman Howard Bernard Culang sold 3,612 shares of common stock in an open-market transaction on May 19, according to a Form 4 filing with the Securities and Exchange Commission.

The sale, executed at prices between $35.00 and $35.50 per share, trimmed Culang's direct holdings by roughly 12%. He still owns about 26,000 shares directly, plus additional shares held indirectly through trusts and family entities.

Culang's sale follows a pattern of insider position reductions at the Philadelphia-based mortgage insurer over the past 12 months. Three other directors and one senior officer have filed open-market sales since January, each reducing their holdings by 5% to 15%.

None of those sales were large enough to suggest a coordinated exit. The combined insider selling totals roughly $1.2 million across all filers, a fraction of Radian's $5.6 billion market capitalization.

Insider sales at mortgage insurers often draw attention because the sector is tied to housing market cycles. Radian's stock has risen 22% over the past year, outperforming the broader financial sector. The company reported first-quarter net income of $186 million in April, up from $172 million a year earlier, driven by lower claims and higher premium volume.