NMI Holdings Inc (NASDAQ:NMIH) CEO Bradley M. Shuster sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.77, for a total transaction of $353,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • 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 transaction of $353,700.00.
  • On Friday, August 4th, Bradley M. Shuster sold 89,227 shares of NMI Holdings stock. The stock was sold at an average price of $11.81, for a total transaction of $1,053,770.87.

NMI Holdings Inc (NASDAQ NMIH) traded up 2.13% on Friday, reaching $12.00. 410,245 shares of the company’s stock traded hands. The firm has a market capitalization of $718.34 million, a P/E ratio of 9.55 and a beta of 0.64. NMI Holdings Inc has a 52 week low of $6.42 and a 52 week high of $12.55. The stock has a 50-day moving average of $11.50 and a 200 day moving average of $11.25.

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

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NMIH has been the topic of several recent research reports. Deutsche Bank AG initiated coverage on shares of NMI Holdings in a research note on Wednesday, July 5th. They set a “buy” rating and a $14.50 target price on the stock. Zacks Investment Research downgraded shares of NMI Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods downgraded shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of NMI Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. NMI Holdings currently has a consensus rating of “Hold” and an average price target of $12.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of NMIH. Nisa Investment Advisors LLC raised its position in 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 acquired a new position in NMI Holdings during the first quarter valued at approximately $131,000. Legal & General Group Plc raised its stake in 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 worth $149,000 after buying an additional 1,047 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in 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 worth $205,000 after buying an additional 6,272 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in NMI Holdings during the first quarter worth about $223,000. Hedge funds and other institutional investors 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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