Robert Owen Smith Sells 12,000 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Robert Owen Smith sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the sale, the executive vice president directly owned 96,381 shares in the company, valued at $4,303,411.65. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NMI Trading Down 2.0%

NMIH opened at $44.05 on Friday. The company has a market cap of $3.31 billion, a P/E ratio of 8.67, a PEG ratio of 1.22 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $40.23 and its 200-day moving average is $39.19. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $46.74.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. During the same period in the prior year, the company earned $1.22 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that NMI Holdings Inc will post 5.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its stake in NMI by 196.0% in the third 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 in the last quarter. Maseco LLP bought a new position in shares of NMI during the 4th quarter worth about $31,000. IFP Advisors Inc boosted its position in shares of NMI by 189.5% during the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 521 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after buying an additional 620 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of NMI by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after buying an additional 372 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial upped their target price on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group set a $46.00 price target on shares of NMI in a research report on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of NMI in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price objective on shares of NMI in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.33.

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.