NMI (NASDAQ:NMIH) EVP Sells 11,662 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the transaction, the executive vice president directly owned 50,734 shares of the company’s stock, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NMI Price Performance

NMI stock traded up $0.48 during trading hours on Wednesday, hitting $44.88. The stock had a trading volume of 332,978 shares, compared to its average volume of 487,025. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.20 and a beta of 0.54. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $46.74. The stock’s fifty day moving average is $40.94 and its two-hundred day moving average is $39.37.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The business had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. During the same quarter in the previous year, the company posted $1.22 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that NMI Holdings Inc will post 5.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its position 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 valued at $25,000 after purchasing an additional 437 shares during the period. IFP Advisors Inc increased its stake 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 acquiring an additional 521 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 620 shares during the period. Pacer Advisors Inc. boosted its position in shares of NMI by 58.7% in the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 372 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 272 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NMIH has been the topic of several research reports. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. upped their target price on NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group set a $46.00 target price on NMI in a report on Friday, May 22nd. Truist Financial raised their price target on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $47.00 price target on shares of NMI in a report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.33.

NMI Company Profile

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.