NMI (NASDAQ:NMIH) Chairman Sells $707,894.55 in Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,953 shares of NMI stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $37.35, for a total transaction of $707,894.55. Following the sale, the chairman directly owned 415,411 shares in the company, valued at $15,515,600.85. The trade was a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NMI Price Performance

NMIH stock opened at $36.86 on Friday. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20. The company has a market cap of $2.80 billion, a P/E ratio of 7.51, a PEG ratio of 1.03 and a beta of 0.63. The firm has a 50-day moving average of $38.68 and a 200 day moving average of $38.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data 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 business had revenue of $180.74 million for the quarter, compared to analysts’ expectations of $180.69 million. During the same period in the previous year, the firm posted $1.07 EPS. On average, sell-side analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Hedge Funds Weigh In On NMI

A number of institutional investors have recently bought and sold shares of NMIH. Allworth Financial LP lifted its position in shares of NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after buying an additional 437 shares in the last quarter. Maseco LLP bought a new position in shares of NMI during the fourth quarter worth $31,000. IFP Advisors Inc lifted its stake in NMI by 189.5% in 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. lifted its position in shares of 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 buying an additional 291 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 valued at $41,000 after acquiring an additional 620 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

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