NMI (NASDAQ:NMIH) Chairman Sells $779,346.45 in Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 19,557 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $39.85, for a total transaction of $779,346.45. Following the transaction, the chairman owned 415,411 shares in the company, valued at approximately $16,554,128.35. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NMI Price Performance

Shares of NMIH opened at $39.31 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $39.64 and a 200-day moving average price of $38.65. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The stock has a market capitalization of $2.99 billion, a PE ratio of 8.01, a PEG ratio of 1.09 and a beta of 0.63.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The company 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 previous year, the firm posted $1.07 earnings per share. Equities analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Institutional Trading of NMI

A number of institutional investors have recently bought and sold shares of NMIH. Dimensional Fund Advisors LP increased its stake in NMI by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,317,436 shares of the financial services provider’s stock valued at $176,111,000 after purchasing an additional 28,569 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of NMI by 5.8% during the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after buying an additional 130,002 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after acquiring an additional 106,400 shares during the period. Geode Capital Management LLC increased its position in shares of NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock valued at $80,887,000 after acquiring an additional 5,274 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in NMI by 3.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock worth $47,251,000 after acquiring an additional 42,436 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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