NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley M. Shuster sold 76,875 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.01, for a total transaction of $2,537,643.75. Following the completion of the transaction, the chairman now directly owns 569,177 shares of the company’s stock, valued at $18,788,532.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Bradley M. Shuster also recently made the following trade(s):

  • On Thursday, November 14th, Bradley M. Shuster sold 50,000 shares of NMI stock. The stock was sold at an average price of $33.94, for a total value of $1,697,000.00.
  • On Thursday, September 5th, Bradley M. Shuster sold 25,625 shares of NMI stock. The shares were sold at an average price of $27.95, for a total value of $716,218.75.

Shares of NASDAQ:NMIH opened at $32.91 on Thursday. The company has a market cap of $2.28 billion, a PE ratio of 19.83 and a beta of 1.30. NMI Holdings Inc has a fifty-two week low of $15.62 and a fifty-two week high of $34.50. The firm has a 50-day simple moving average of $31.37 and a 200 day simple moving average of $28.58. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.09. NMI had a net margin of 44.92% and a return on equity of 20.63%. The firm had revenue of $101.59 million for the quarter, compared to analysts’ expectations of $94.67 million. As a group, research analysts forecast that NMI Holdings Inc will post 2.55 EPS for the current fiscal year.

NMIH has been the topic of a number of recent analyst reports. ValuEngine lowered NMI from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research raised shares of NMI from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Saturday, November 9th. BidaskClub downgraded shares of NMI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. Credit Suisse Group restated a “hold” rating and issued a $33.00 target price on shares of NMI in a research note on Sunday, November 24th. Finally, B. Riley upgraded NMI from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $34.00 in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. NMI presently has a consensus rating of “Buy” and a consensus target price of $32.38.

Institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC lifted its stake in NMI by 2.1% during the third quarter. Mason Street Advisors LLC now owns 23,011 shares of the financial services provider’s stock valued at $604,000 after buying an additional 468 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of NMI by 2.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 20,340 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 470 shares during the period. Miles Capital Inc. boosted its stake in NMI by 6.2% during the 2nd quarter. Miles Capital Inc. now owns 9,482 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 557 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in NMI by 2.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 21,118 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 570 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NMI by 15.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,405 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 604 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.

About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

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Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

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