NMI (NASDAQ:NMIH) Chairman Bradley Shuster Sells 18,996 Shares

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,996 shares of NMI stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $37.05, for a total value of $703,801.80. Following the sale, the chairman owned 415,411 shares in the company, valued at $15,390,977.55. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.03 during trading hours on Thursday, reaching $37.25. The stock had a trading volume of 382,178 shares, compared to its average volume of 443,562. The firm has a 50-day moving average of $38.80 and a 200-day moving average of $38.52. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.03 and a beta of 0.63. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $180.74 million for the quarter, compared to analyst estimates 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. Equities research analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Institutional Trading of NMI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in NMI by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,317,436 shares of the financial services provider’s stock valued at $176,111,000 after purchasing an additional 28,569 shares during the period. American Century Companies Inc. raised its stake in shares of NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after buying an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after buying an additional 106,400 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock valued at $80,887,000 after buying an additional 5,274 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of NMI by 3.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock valued at $47,251,000 after buying an additional 42,436 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NMIH. UBS Group set a $43.00 price objective on shares of NMI in a research note on Monday, January 12th. Barclays increased their target price 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. JPMorgan Chase & Co. boosted their price target on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.