Insider Selling: NMI (NASDAQ:NMIH) Chairman Sells $703,801.80 in Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,996 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $37.05, for a total transaction of $703,801.80. Following the sale, the chairman directly owned 415,411 shares in the company, valued at $15,390,977.55. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NMI Stock Down 1.3%

NASDAQ:NMIH opened at $36.78 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 1.01 and a beta of 0.63. 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 stock’s fifty day moving average price is $38.72 and its two-hundred day moving average price is $38.50. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20.

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. The company had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NMIH. Barclays lifted 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 target price on shares of NMI in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Institutional Investors Weigh In On NMI

Several large investors have recently bought and sold shares of NMIH. PNC Financial Services Group Inc. raised its holdings in NMI by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 264 shares during the period. Arizona State Retirement System grew its holdings in shares of NMI by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock valued at $886,000 after buying an additional 277 shares during the period. Nisa Investment Advisors LLC increased its position in shares of NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after buying an additional 289 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 291 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after buying 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.