NMI (NASDAQ:NMIH) Chairman Bradley Shuster Sells 18,953 Shares

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,953 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total value of $707,894.55. Following the sale, the chairman owned 415,411 shares of the company’s stock, valued at $15,515,600.85. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NMI Stock Performance

NASDAQ NMIH opened at $37.22 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The firm has a market capitalization of $2.83 billion, a P/E ratio of 7.58, a P/E/G ratio of 1.02 and a beta of 0.63. The business’s 50-day simple moving average is $38.70 and its 200-day simple moving average is $38.44.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.07 EPS. Equities analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NMIH. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Barclays raised 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. UBS Group set a $43.00 price objective on shares of NMI in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. raised 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of NMI by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 264 shares during the last quarter. Arizona State Retirement System raised its position in shares of NMI by 1.2% during the 3rd quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 277 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in NMI by 22.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 289 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake 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 purchasing an additional 291 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 301 shares during the period. Institutional investors own 94.12% of the company’s stock.

About NMI

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.