NMI (NASDAQ:NMIH) Chairman Bradley Shuster Sells 19,557 Shares

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 19,557 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $39.85, for a total value of $779,346.45. Following the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at $16,554,128.35. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NMI Trading Down 1.2%

NASDAQ NMIH opened at $39.31 on Friday. 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 $2.99 billion, a P/E ratio of 8.01, a PEG ratio of 1.10 and a beta of 0.64. The firm’s 50-day moving average is $39.64 and its two-hundred day moving average is $38.66. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The business had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. During the same period in the previous year, the firm earned $1.07 EPS. On average, sell-side analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Institutional Investors Weigh In On NMI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in NMI by 20.4% in the first 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 first 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 buying an additional 2,030 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of NMI during the 1st quarter worth $256,000. Ashton Thomas Private Wealth LLC acquired a new position in NMI during the first quarter worth about $203,000. Finally, Jane Street Group LLC increased its stake in NMI by 1,312.9% in the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

NMIH has been the topic of several research analyst reports. Barclays boosted their price objective on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. increased their price target on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and lifted 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.