Insider Selling: NMI Holdings, Inc. (NASDAQ:NMIH) Chairman Sells 21,545 Shares of Stock

NMI Holdings, Inc. (NASDAQ:NMIH) Chairman Bradley M. Shuster sold 21,545 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $39.56, for a total value of $852,320.20. Following the completion of the sale, the chairman now owns 409,792 shares of the company’s stock, valued at approximately $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NMI Stock Performance

NASDAQ:NMIH opened at $39.81 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a 50-day moving average of $36.36 and a two-hundred day moving average of $36.74. The stock has a market cap of $3.11 billion, a P/E ratio of 8.99, a PEG ratio of 1.41 and a beta of 0.55. NMI Holdings, Inc. has a 1-year low of $31.60 and a 1-year high of $42.49.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company had revenue of $173.25 million during the quarter, compared to analysts’ expectations of $169.04 million. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NMI

Large investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new position in shares of NMI during the first quarter worth about $25,000. Principal Securities Inc. lifted its position in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of NMI during the first quarter worth about $33,000. Neo Ivy Capital Management bought a new position in shares of NMI during the first quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of NMI during the first quarter worth about $48,000. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NMIH shares. Keefe, Bruyette & Woods lowered their price target on NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised shares of NMI from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Compass Point reissued a “buy” rating and issued a $37.00 price objective (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. Finally, UBS Group decreased their price objective on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and an average price target of $42.29.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.