NMI (NASDAQ:NMIH) CEO Adam Pollitzer Sells 172,706 Shares

NMI Holdings Inc (NASDAQ:NMIH) CEO Adam Pollitzer sold 172,706 shares of NMI stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $44.85, for a total value of $7,745,864.10. Following the completion of the transaction, the chief executive officer owned 270,267 shares of the company’s stock, valued at approximately $12,121,474.95. The trade was a 38.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NMI Stock Down 1.2%

NASDAQ:NMIH opened at $44.83 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $43.49 and a 200-day moving average of $40.04. The firm has a market capitalization of $3.37 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $46.74.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The business had revenue of $187.89 million for the quarter, compared to the consensus estimate of $156.26 million. During the same quarter last year, the business posted $1.22 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Analysts predict that NMI Holdings Inc will post 5.25 EPS for the current year.

Institutional Trading of NMI

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in NMI by 196.0% during the 3rd 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. Nykredit A S acquired a new position in shares of NMI during the second quarter valued at $31,000. IFP Advisors Inc increased 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 purchasing an additional 521 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of NMI during the second quarter valued at $36,000. Finally, Pacer Advisors Inc. raised its stake in shares of NMI by 58.7% during 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 in the last quarter. Institutional investors own 94.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $47.00 price target on shares of NMI in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group set a $46.00 price objective on shares of NMI in a research report on Friday, May 22nd. Truist Financial boosted their target price on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.33.

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.