Insider Bets Paying Off At RDN As New 52-Week High Reached

In trading on Friday, shares of Radian Group, Inc. (RDN) touched a new 52-week high of $15.32/share. That's a 156.62% rise, or $9.35 per share from the 52-week low of $5.97 set back on 01/15/2013. That means at today's intraday high, any investor who purchased RDN stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, RDN has seen 3 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
11/13/2013 Herbert Wender Director 5,000 $12.68 $63,394.00
11/13/2013 Sanford A. Ibrahim Chief Executive Officer 5,000 $12.63 $63,143.50
11/15/2013 Howard Bernard Culang Director 4,850 $13.20 $64,015.15

The chart below shows where RDN has traded over the past year, with the 50-day and 200-day moving averages included.

Radian Group, Inc. Moving Averages Chart

In afternoon trading on Friday, RDN shares are changing hands at $15.27/share, slightly below the new 52-week high.

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