Bradley Shuster Sells 18,953 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,953 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $37.35, for a total value of $707,894.55. Following the sale, the chairman directly owned 415,411 shares in the company, valued at approximately $15,515,600.85. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NMI Price Performance

NMIH stock traded down $0.17 during midday trading on Wednesday, reaching $37.03. 116,597 shares of the stock were exchanged, compared to its average volume of 487,943. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The company has a fifty day moving average price of $38.70 and a 200 day moving average price of $38.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $2.82 billion, a PE ratio of 7.55, a P/E/G ratio of 1.02 and a beta of 0.63.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The firm had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. During the same period last year, the company earned $1.07 earnings per share. As a group, analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Hedge Funds Weigh In On NMI

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in NMI by 20.4% during the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock valued at $4,221,000 after purchasing an additional 19,857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NMI by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 2,030 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of NMI in the 1st quarter valued at $256,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of NMI in the 1st quarter valued at $203,000. Finally, Jane Street Group LLC increased its position in shares of NMI by 1,312.9% during the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock worth $8,081,000 after buying an additional 208,287 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports 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 report on Thursday, December 18th. UBS Group set a $43.00 target price on shares of NMI in a report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, Barclays boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.