Bradley Shuster Sells 19,557 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 19,557 shares of NMI stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $39.85, for a total value of $779,346.45. Following the completion of the transaction, the chairman owned 415,411 shares of the company’s stock, valued at approximately $16,554,128.35. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NMI Stock Down 1.2%

Shares of NASDAQ NMIH opened at $39.31 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.99 billion, a P/E ratio of 8.01, a P/E/G ratio of 1.09 and a beta of 0.64. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The business has a 50-day simple moving average of $39.64 and a two-hundred day simple moving average of $38.66.

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

Institutional Trading of NMI

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its position in NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares during the last quarter. Maseco LLP purchased a new stake in shares of NMI in the 4th quarter valued at $31,000. IFP Advisors Inc grew its holdings 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in NMI in the 2nd quarter worth $36,000. Finally, Harbor Capital Advisors Inc. lifted its stake in NMI by 51.5% in 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 last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.