Michael Curry Montgomery Sells 1,554 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) Director Michael Curry Montgomery sold 1,554 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares in the company, valued at $2,616,085.40. The trade was a 2.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NMI Price Performance

Shares of NASDAQ NMIH opened at $37.76 on Friday. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $43.20. The stock’s 50 day moving average price is $38.36 and its 200-day moving average price is $38.77. The company has a market capitalization of $2.87 billion, a PE ratio of 7.69, a PEG ratio of 1.32 and a beta of 0.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that NMI Holdings Inc will post 5.15 EPS for the current year.

Institutional Trading of NMI

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. lifted its holdings in NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after buying an additional 272 shares during the period. Arizona State Retirement System increased its stake in shares of NMI by 1.2% during the third quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock valued at $886,000 after purchasing an additional 277 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of NMI by 35.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 301 shares in the last quarter. Evolve Private Wealth LLC increased its position in shares of NMI by 1.6% during the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 302 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after acquiring an additional 328 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their target price on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price on NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.40.

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.