Rick Thornberry is chief executive officer of Radian Group Inc. (NYSE: RDN). Headquartered in Wayne, Radian provides private mortgage insurance and products and services to the mortgage and real estate industries. Radian is one of the largest private mortgage insurers of U.S. residential mortgages, and its real estate services segment is a leader in each of its industries.
Rick has more than 30 years of experience in the financial services industry, as a leader of some of the most innovative mortgage industry businesses. Prior to joining Radian, he co-founded NexSpring Group, LLC in 2006, a firm to partner with and advise leading private equity firms related to potential financial services M&A transactions. The firm was later expanded to provide mortgage industry advisory and technology services to mortgage lenders, financial institutions, mortgage investors and other mortgage industry service providers. Rick was also co-founder of NexSpring Financial, LLC, a wholly owned subsidiary of NexSpring Group, which is a fintech business focused on improving the overall value proposition for all participants in a residential mortgage origination transaction. He served as the chairman and chief executive officer of both companies until February 2017.
During the financial crisis, he served as a senior advisor to the financial institution investment team at a leading private equity firm. Prior to founding NexSpring, Rick teamed up with KKR, a global investment firm, to co-found and launch Nexstar Financial Corporation, Inc., a leading end-to-end mortgage business process outsourcing firm. Under his leadership, Nexstar was recognized as one of the nation’s fastest growing companies and was acquired by MBNA. Prior to Nexstar, Rick was the president and chief operating officer of Citicorp Mortgage Inc., and he also held executive-level financial and operating positions at Residential Services Corporation of America/Prudential Home Mortgage Company, including as chief financial officer, until the company was sold in 1996. Rick began his career as a certified public accountant at Deloitte where he primarily worked with financial services clients and entrepreneurial businesses.
Rick holds a Bachelor of Science degree in Business Administration with a major in Accounting from St. Louis University.
What is Richard G. Thornberry's net worth?
The estimated net worth of Richard G. Thornberry is at least $641,000.00 as of August 21st, 2017. Mr. Thornberry owns 20,000 shares of Radian Group stock worth more than $641,000 as of December 21st. This net worth evaluation does not reflect any other investments that Mr. Thornberry may own. Additionally, Mr. Thornberry receives an annual salary of $3,710,000.00 as CEO & Director at Radian Group. Learn More about Richard G. Thornberry's net worth.
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Has Richard G. Thornberry been buying or selling shares of Radian Group?
Richard G. Thornberry has not been actively trading shares of Radian Group during the last quarter. Most recently, on Tuesday, November 23rd, Richard G. Thornberry bought 20,000 shares of Radian Group stock. The stock was acquired at an average cost of $21.65 per share, with a total value of $433,000.00. Learn More on Richard G. Thornberry's trading history.
Who are Radian Group's active insiders?
Radian Group's insider roster includes Derek Brummer (Insider), Howard Culang (Chairman), Mary Dickerson (VP), Lisa Hess (Director), Edward Hoffman (EVP), Brien Mcmahon (EVP), Lisa Mumford (Director), Sumita Pandit (Senior Executive Vice President, CFO), Robert Quigley (EVP, Corporate Controller, CAO), Eric Ray (EVP), Gregory Serio (Director), Noel Spiegel (Director), and Richard Thornberry (CEO & Director). Learn More on Radian Group's active insiders.
Are insiders buying or selling shares of Radian Group?
In the last twelve months, insiders at the insurance provider sold shares 10 times. They sold a total of 251,481 shares worth more than $8,421,841.49. The most recent insider tranaction occured on December, 5th when insider Derek Brummer sold 14,705 shares worth more than $509,528.25. Insiders at Radian Group own 2.2% of the company.
Learn More about insider trades at Radian Group. Information on this page was last updated on 12/5/2024.
