NMI (NASDAQ:NMIH) EVP Sells $898,650.00 in Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Norman Peter Fitzgerald sold 22,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total transaction of $898,650.00. Following the sale, the executive vice president directly owned 32,445 shares of the company’s stock, valued at $1,295,853.30. The trade was a 40.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NMI Stock Down 0.9%

Shares of NMIH traded down $0.37 during midday trading on Wednesday, hitting $39.66. 545,214 shares of the company’s stock traded hands, 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 firm’s fifty day moving average is $39.79 and its 200-day moving average is $38.62. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Tennessee Department of Treasury lifted its stake in shares of NMI by 3.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 36,365 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 1,084 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of NMI in the fourth quarter valued at $417,000. Mackenzie Financial Corp purchased a new position in NMI during the fourth quarter worth about $604,000. NewEdge Advisors LLC boosted its stake in NMI by 82.3% in the 4th quarter. NewEdge Advisors LLC now owns 18,111 shares of the financial services provider’s stock worth $739,000 after buying an additional 8,175 shares during the last quarter. Finally, VARCOV Co. purchased a new stake in NMI in the fourth quarter valued at approximately $866,000. 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.