NMI (NASDAQ:NMIH) Chairman Sells $694,142.08 in Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,976 shares of NMI stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $36.58, for a total value of $694,142.08. Following the sale, the chairman directly owned 415,411 shares in the company, valued at $15,195,734.38. The trade was a 4.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NMI Stock Performance

Shares of NASDAQ:NMIH traded up $0.09 on Thursday, hitting $37.13. The company’s stock had a trading volume of 357,661 shares, compared to its average volume of 489,305. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.05 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. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The stock’s 50-day moving average is $39.19 and its two-hundred day moving average is $38.61.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to analysts’ expectations of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities research analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on NMIH. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. UBS Group set a $43.00 price target on NMI in a research note 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 target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Barclays boosted 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Institutional Trading of NMI

A number of hedge funds have recently bought and sold shares of NMIH. Walleye Capital LLC purchased a new position in NMI during the 2nd quarter worth approximately $13,245,000. Exchange Traded Concepts LLC purchased a new stake in shares of NMI in the third quarter valued at $1,926,000. Public Sector Pension Investment Board boosted its position in shares of NMI by 5.4% in the third quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock worth $22,906,000 after buying an additional 30,341 shares during the period. Capital Fund Management S.A. purchased a new position in shares of NMI during the second quarter valued at $1,298,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of NMI by 219.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after buying an additional 59,682 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.