NMI (NASDAQ:NMIH) Insider William Leatherberry Sells 60,277 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) insider William Leatherberry sold 60,277 shares of the business’s stock in a transaction on Friday, November 13th. The shares were sold at an average price of $38.61, for a total transaction of $2,327,294.97. Following the completion of the transaction, the insider directly owned 99,057 shares in the company, valued at $3,824,590.77. This represents a 37.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NMI Stock Performance

NMI stock traded down $0.23 during trading hours on Friday, reaching $38.65. 567,870 shares of the stock were exchanged, compared to its average volume of 945,805. The stock has a market cap of $2.88 billion, a P/E ratio of 7.64, a P/E/G ratio of 4.88 and a beta of 0.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.67. NMI Holdings Inc has a 52-week low of $35.12 and a 52-week high of $46.74. The firm’s 50 day moving average is $41.44 and its 200 day moving average is $40.39.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, November 5th. The financial services provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $187.55 million during the quarter, compared to analyst estimates of $159.20 million. NMI had a return on equity of 14.78% and a net margin of 53.11%. During the same quarter last year, the business posted $1.21 EPS. Analysts predict that NMI Holdings Inc will post 5.21 EPS for the current fiscal year.

Hedge Funds Weigh In On NMI

A number of institutional investors and hedge funds have recently made changes to their positions in NMIH. Hantz Financial Services Inc. lifted its stake in shares of NMI by 76.9% in the third quarter. Hantz Financial Services Inc. now owns 750 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 326 shares during the period. Nykredit A S purchased a new stake in NMI during the second quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new stake in NMI during the second quarter worth about $36,000. Pacer Advisors Inc. boosted its holdings in NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after buying an additional 372 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after buying an additional 272 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NMIH shares. Barclays lowered their price objective on NMI from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, November 6th. BTIG Research began coverage on NMI in a research note on Tuesday, September 22nd. They set a “buy” rating and a $54.00 target price for the company. JPMorgan Chase & Co. increased their target price on NMI from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial raised their price target on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods downgraded NMI from an “outperform” rating to a “market perform” rating and set a $47.00 price target on the stock. in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.88.

About NMI

NMI Holdings, Inc. provides private mortgage insurance through its subsidiary, National Mortgage Insurance Corporation. Its coverage helps lenders manage the risk of mortgage loans made to borrowers who have smaller down payments, while enabling borrowers to qualify for home financing without a 20% down payment. The company offers mortgage insurance products and related services to mortgage lenders, banks, credit unions and other housing-market participants. Its offerings include borrower-paid and lender-paid coverage, along with technology and services that support mortgage insurance underwriting and policy management.