Adam Pollitzer Sells 172,706 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) CEO Adam Pollitzer sold 172,706 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the sale, the chief executive officer owned 270,267 shares in the company, valued at approximately $12,121,474.95. This trade represents a 38.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NMI Trading Down 1.2%

NMIH stock traded down $0.56 during midday trading on Friday, hitting $44.83. The stock had a trading volume of 638,702 shares, compared to its average volume of 426,452. The company’s 50-day moving average price is $43.49 and its 200 day moving average price is $40.04. 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 firm has a market cap of $3.37 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The company had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 EPS. On average, equities research analysts predict that NMI Holdings Inc will post 5.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price objective on shares of NMI in a report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of NMI in a research report on Tuesday, August 4th. Truist Financial boosted their target price on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.33.

Institutional Investors Weigh In On NMI

A number of institutional investors have recently added to or reduced their stakes in NMIH. Royal Bank of Canada raised its holdings in shares of NMI by 20.4% in the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock worth $4,221,000 after purchasing an additional 19,857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NMI by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 2,030 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of NMI during the 1st quarter worth about $256,000. Ashton Thomas Private Wealth LLC acquired a new stake in NMI during the 1st quarter worth approximately $203,000. Finally, Jane Street Group LLC increased its position in NMI by 1,312.9% during the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock worth $8,081,000 after purchasing an additional 208,287 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.