NMI (NASDAQ:NMIH) Chairman Bradley Shuster Sells 18,976 Shares

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,976 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $36.58, for a total transaction of $694,142.08. Following the completion of the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at approximately $15,195,734.38. The trade was a 4.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

NMI Stock Performance

NASDAQ NMIH traded down $0.07 during trading on Friday, reaching $37.06. The company’s stock had a trading volume of 109,075 shares, compared to its average volume of 481,287. The firm has a 50 day moving average price of $39.11 and a 200 day moving average price of $38.60. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same quarter in the prior year, the business posted $1.07 earnings per share. As a group, equities analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NMIH shares. Barclays boosted their price target on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. UBS Group set a $43.00 price target on shares of NMI in a report on Monday, January 12th. JPMorgan Chase & Co. lifted their price objective on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Institutional Investors Weigh In On NMI

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its position in shares of NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares in the last quarter. Maseco LLP bought a new stake in shares of NMI during the 4th quarter valued at about $31,000. IFP Advisors Inc boosted its position in shares of NMI by 189.5% during the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in NMI by 161.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 620 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.