NMI (NASDAQ:NMIH) Chairman Sells $703,801.80 in Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,996 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $37.05, for a total transaction of $703,801.80. Following the sale, the chairman owned 415,411 shares in the company, valued at $15,390,977.55. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NMI Price Performance

Shares of NMIH traded up $0.03 during trading hours on Thursday, reaching $37.25. The company had a trading volume of 382,178 shares, compared to its average volume of 443,562. 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 Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. The firm has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $38.52. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.03 and a beta of 0.63.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On NMI

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