Bradley Shuster Sells 18,976 Shares of NMI (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,976 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $36.58, for a total value of $694,142.08. Following the sale, the chairman owned 415,411 shares of the company’s stock, valued at approximately $15,195,734.38. This trade represents a 4.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NMI Stock Up 0.2%

Shares of NMIH traded up $0.09 during trading on Thursday, reaching $37.13. The company’s stock had a trading volume of 357,661 shares, compared to its average volume of 489,305. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 1.05 and a beta of 0.63. The company has a fifty day moving average of $39.19 and a two-hundred day moving average of $38.61.

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

Hedge Funds Weigh In On NMI

Several institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its position in NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares during the last quarter. Maseco LLP acquired a new stake in shares of NMI in the fourth quarter valued at approximately $31,000. IFP Advisors Inc raised its holdings in shares of 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 buying an additional 521 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 291 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after buying an additional 620 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NMIH shares. JPMorgan Chase & Co. upped their target price on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th. Finally, Barclays increased their target price on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.