NMI (NASDAQ:NMIH) Insider William Leatherberry Sells 60,277 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) insider William Leatherberry sold 60,277 shares of the firm’s stock in a transaction dated Friday, November 13th. The stock was sold at an average price of $38.61, for a total transaction of $2,327,294.97. Following the transaction, the insider owned 99,057 shares of the company’s stock, valued at approximately $3,824,590.77. This represents a 37.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NMI Price Performance

NASDAQ NMIH traded down $0.23 during trading on Friday, reaching $38.65. 567,870 shares of the company traded hands, compared to its average volume of 945,805. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.67. The stock’s 50 day moving average price is $41.44 and its two-hundred day moving average price is $40.39. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 4.88 and a beta of 0.52. NMI Holdings Inc has a 1-year low of $35.12 and a 1-year high of $46.74.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). NMI had a net margin of 53.11% and a return on equity of 14.78%. The company had revenue of $187.55 million during the quarter, compared to the consensus estimate of $159.20 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. As a group, analysts anticipate that NMI Holdings Inc will post 5.21 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of NMI in a research note on Tuesday, August 4th. Bank of America lowered NMI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $44.00 in a research note on Friday, October 30th. BTIG Research began coverage on NMI in a report on Tuesday, September 22nd. They set a “buy” rating and a $54.00 price objective for the company. Barclays dropped their target price on shares of NMI from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, November 6th. Finally, Weiss Ratings downgraded shares of NMI from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.88.

Institutional Investors Weigh In On NMI

Several hedge funds and other institutional investors have recently made changes to their positions in NMIH. Bessemer Group Inc. boosted its position in NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 272 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of NMI by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 310 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of NMI by 76.9% in the third quarter. Hantz Financial Services Inc. now owns 750 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 326 shares during the last quarter. Pacer Advisors Inc. raised its holdings 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 valued at $38,000 after purchasing an additional 372 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of NMI by 2.6% in the third quarter. Inspire Investing LLC now owns 16,862 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 425 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

About NMI

NMI Holdings, Inc. provides private mortgage insurance through its subsidiary, National Mortgage Insurance Corporation. Its coverage helps lenders manage the risk of mortgage loans made to borrowers who have smaller down payments, while enabling borrowers to qualify for home financing without a 20% down payment. The company offers mortgage insurance products and related services to mortgage lenders, banks, credit unions and other housing-market participants. Its offerings include borrower-paid and lender-paid coverage, along with technology and services that support mortgage insurance underwriting and policy management.