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

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

NMI Stock Performance

Shares of NASDAQ:NMIH traded down $0.17 on Wednesday, reaching $37.03. 116,597 shares of the company’s stock were exchanged, compared to its average volume of 487,943. The company has a fifty day moving average of $38.70 and a 200-day moving average of $38.45. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.02 and a beta of 0.63. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

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

Analyst Upgrades and Downgrades

NMIH has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Barclays raised their price target on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their price objective 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. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Hedge Funds Weigh In On NMI

Several hedge funds and other institutional investors have recently modified their holdings of NMIH. Allworth Financial LP boosted its stake in shares of 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 in the last quarter. Maseco LLP bought a new position in NMI in the 4th quarter valued at approximately $31,000. IFP Advisors Inc lifted its stake in NMI by 189.5% in the 4th 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 last quarter. Harbor Capital Advisors Inc. boosted its position in NMI by 51.5% in 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 in the last quarter. Finally, Farther Finance Advisors LLC grew its stake 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 last quarter. Institutional investors own 94.12% of the company’s stock.

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.