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

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,953 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total transaction of $707,894.55. Following the completion of the sale, the chairman owned 415,411 shares of the company’s stock, valued at $15,515,600.85. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NMI Stock Performance

NASDAQ:NMIH opened at $37.52 on Friday. The firm has a market capitalization of $2.85 billion, a PE ratio of 7.64, a PEG ratio of 1.03 and a beta of 0.63. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $38.70 and its 200 day simple moving average is $38.44.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The firm had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. During the same quarter in the previous year, the business earned $1.07 EPS. On average, sell-side analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On NMI

Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in NMI by 35.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 301 shares in the last quarter. River Road Asset Management LLC acquired a new stake in shares of NMI during the 4th quarter worth approximately $15,104,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of NMI by 63.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,816 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 7,280 shares in the last quarter. State of Tennessee Department of Treasury increased its position in shares of NMI by 3.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 36,365 shares of the financial services provider’s stock valued at $1,408,000 after purchasing an additional 1,084 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of NMI during the fourth quarter valued at approximately $417,000. Institutional investors own 94.12% of the company’s stock.

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.