NMI Holdings Inc (NASDAQ:NMIH) CEO Bradley M. Shuster sold 89,227 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $11.81, for a total value of $1,053,770.87. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Bradley M. Shuster also recently made the following trade(s):

  • On Thursday, August 3rd, Bradley M. Shuster sold 30,000 shares of NMI Holdings stock. The stock was sold at an average price of $11.77, for a total value of $353,100.00.
  • On Wednesday, August 2nd, Bradley M. Shuster sold 30,000 shares of NMI Holdings stock. The stock was sold at an average price of $11.79, for a total value of $353,700.00.

Shares of NMI Holdings Inc (NMIH) traded up 2.13% during mid-day trading on Friday, hitting $12.00. The company had a trading volume of 410,245 shares. NMI Holdings Inc has a one year low of $6.42 and a one year high of $12.55. The company has a market capitalization of $718.34 million, a PE ratio of 9.55 and a beta of 0.64. The company’s 50-day moving average is $11.50 and its 200 day moving average is $11.25.

NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $41.13 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 43.1% compared to the same quarter last year. On average, equities research analysts forecast that NMI Holdings Inc will post $0.56 EPS for the current fiscal year.

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Several research firms have recently issued reports on NMIH. BidaskClub lowered NMI Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods lowered NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a report on Monday, July 17th. Deutsche Bank AG set a $15.00 target price on NMI Holdings and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research lowered NMI Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. NMI Holdings presently has an average rating of “Hold” and an average target price of $12.60.

A number of institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of NMI Holdings by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after buying an additional 800 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of NMI Holdings during the first quarter valued at about $131,000. Legal & General Group Plc increased its stake in shares of NMI Holdings by 8.8% in the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,047 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its stake in shares of NMI Holdings by 54.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 17,869 shares of the financial services provider’s stock valued at $205,000 after buying an additional 6,272 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of NMI Holdings by 1,484.7% in the second quarter. Bank of Montreal Can now owns 19,524 shares of the financial services provider’s stock valued at $224,000 after buying an additional 18,292 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

About NMI Holdings

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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