Mohammad Nawaz Yousaf Sells 16,000 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Mohammad Nawaz Yousaf sold 16,000 shares of NMI stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total transaction of $638,240.00. Following the completion of the transaction, the executive vice president directly owned 38,733 shares in the company, valued at $1,545,059.37. The trade was a 29.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NMI Stock Performance

NASDAQ:NMIH traded down $0.37 during trading hours on Wednesday, reaching $39.66. 545,214 shares of the company’s stock were exchanged, compared to its average volume of 510,494. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.10 and a beta of 0.64. The company has a 50-day moving average of $39.79 and a 200 day moving average of $38.62.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period in the prior year, the company earned $1.07 earnings per share. Research analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of NMI

Large investors have recently modified their holdings of the business. Allworth Financial LP lifted its stake in NMI by 196.0% in 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 purchased a new stake in NMI during the 4th quarter worth about $31,000. IFP Advisors Inc raised 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 valued at $32,000 after purchasing an additional 521 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in NMI in the 2nd quarter valued at about $36,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of NMI by 51.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.