NMI (NASDAQ:NMIH) EVP Sells $519,075.62 in Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Aurora Swithenbank sold 11,662 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the transaction, the executive vice president owned 50,734 shares in the company, valued at approximately $2,258,170.34. This trade represents a 18.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NMI Stock Performance

Shares of NMI stock opened at $45.71 on Friday. The company has a 50 day moving average price of $41.31 and a 200 day moving average price of $39.46. The firm has a market capitalization of $3.44 billion, a P/E ratio of 9.00, a PEG ratio of 1.23 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $46.74.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The company had revenue of $187.89 million for the quarter, compared to the consensus estimate of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. During the same quarter in the previous year, the firm earned $1.22 EPS. NMI’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts expect that NMI Holdings Inc will post 5.23 EPS for the current year.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of research analyst reports. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. JPMorgan Chase & Co. raised their target price on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group set a $46.00 price target on NMI in a research report on Friday, May 22nd. Truist Financial boosted their price target on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of NMI in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NMI presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.33.

Institutional Trading of NMI

Several large investors have recently made changes to their positions in the business. Allworth Financial LP increased its stake in shares of NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares during the period. IFP Advisors Inc lifted its position in NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares during the period. Pacer Advisors Inc. boosted its holdings in NMI by 58.7% in the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 372 shares during the last quarter. Bessemer Group Inc. boosted 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 valued at $40,000 after purchasing an additional 272 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 620 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.