Insider Selling: NMI Holdings Inc (NASDAQ:NMIH) Director Sells 27,325 Shares of Stock

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NMI Holdings Inc (NASDAQ:NMIH) Director Steven Scheid sold 27,325 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.33, for a total value of $828,767.25. Following the transaction, the director now owns 80,947 shares in the company, valued at $2,455,122.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NMI stock opened at $29.65 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.48 and a current ratio of 0.47. The business’s 50-day simple moving average is $32.70 and its 200-day simple moving average is $30.33. The firm has a market capitalization of $1.99 billion, a PE ratio of 11.24 and a beta of 1.22. NMI Holdings Inc has a 52 week low of $23.00 and a 52 week high of $35.79.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $104.90 million for the quarter, compared to analyst estimates of $104.11 million. NMI had a return on equity of 21.67% and a net margin of 45.40%. Research analysts forecast that NMI Holdings Inc will post 3.02 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in NMI by 0.5% during the fourth quarter. Comerica Bank now owns 63,930 shares of the financial services provider’s stock worth $2,085,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund grew its position in NMI by 0.8% during the fourth quarter. Texas Permanent School Fund now owns 46,500 shares of the financial services provider’s stock worth $1,543,000 after buying an additional 375 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in NMI by 2.0% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 20,740 shares of the financial services provider’s stock worth $688,000 after buying an additional 400 shares in the last quarter. Envestnet Asset Management Inc. grew its position in NMI by 5.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,547 shares of the financial services provider’s stock worth $284,000 after buying an additional 429 shares in the last quarter. Finally, Mason Street Advisors LLC grew its position in NMI by 2.1% during the third quarter. Mason Street Advisors LLC now owns 23,011 shares of the financial services provider’s stock worth $604,000 after buying an additional 468 shares in the last quarter. 90.33% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on NMIH shares. B. Riley raised their target price on NMI from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, December 6th. Compass Point lowered NMI from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $38.00 to $39.00 in a research note on Wednesday. JPMorgan Chase & Co. lowered NMI from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $37.00 to $36.50 in a research note on Wednesday. Zacks Investment Research lowered NMI from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $33.00 price objective on shares of NMI in a research note on Sunday, November 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.81.

About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

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Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

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