Insider Selling: NMI (NASDAQ:NMIH) Chairman Sells 19,557 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 19,557 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $39.85, for a total value of $779,346.45. Following the completion of the sale, the chairman owned 415,411 shares in the company, valued at $16,554,128.35. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NMI Price Performance

Shares of NMIH traded down $0.46 during trading hours on Friday, hitting $39.31. The stock had a trading volume of 431,511 shares, compared to its average volume of 495,005. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The company’s fifty day moving average is $39.67 and its two-hundred day moving average is $38.66. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly 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. The firm had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period last year, the firm posted $1.07 EPS. On average, analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Institutional Investors Weigh In On NMI

Several institutional investors have recently modified their holdings of NMIH. Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 437 shares during the period. Maseco LLP acquired a new stake in shares of NMI during the fourth quarter worth $31,000. IFP Advisors Inc increased its holdings in NMI by 189.5% in the fourth 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. acquired a new position in NMI in the second quarter valued at about $36,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NMIH shares. 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 increased their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. UBS Group set a $43.00 target price on NMI in a research note on Monday, January 12th. Barclays upped their price target on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, NMI currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.