NMI (NASDAQ:NMIH) EVP Sells $535,800.00 in Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the executive vice president owned 96,381 shares of the company’s stock, valued at approximately $4,303,411.65. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NMI Price Performance

NASDAQ:NMIH opened at $44.63 on Friday. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $46.74. The company has a market cap of $3.36 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.65. The stock’s 50-day simple moving average is $40.40 and its 200 day simple moving average is $39.22.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, sell-side analysts forecast that NMI Holdings Inc will post 5.19 EPS for the current fiscal year.

Institutional Investors Weigh In On NMI

A number of large investors have recently added to or reduced their stakes in NMIH. River Road Asset Management LLC acquired a new position in NMI in the 4th quarter valued at about $15,104,000. Teacher Retirement System of Texas lifted its position in NMI by 22.9% during the fourth quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock worth $7,635,000 after acquiring an additional 34,907 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of NMI by 19.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 165,384 shares of the financial services provider’s stock worth $6,759,000 after acquiring an additional 26,614 shares during the period. SG Americas Securities LLC boosted its holdings in shares of NMI by 92.4% during the fourth quarter. SG Americas Securities LLC now owns 37,812 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 18,157 shares during the period. Finally, Jefferies Financial Group Inc. grew its position in shares of NMI by 70.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,600 shares of the financial services provider’s stock valued at $1,574,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NMIH shares. JPMorgan Chase & Co. boosted their target price on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price target on shares of NMI in a research note on Tuesday. Truist Financial lifted their price objective on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, UBS Group set a $46.00 target price on shares of NMI in a report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and an average target price of $48.33.

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.