NMI (NASDAQ:NMIH) Director Michael Curry Montgomery Sells 1,554 Shares

NMI Holdings Inc (NASDAQ:NMIH) Director Michael Curry Montgomery sold 1,554 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the sale, the director directly owned 69,026 shares in the company, valued at $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NMI Trading Up 1.2%

NMI stock opened at $38.25 on Thursday. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.30 and a beta of 0.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. NMI Holdings Inc has a 12 month low of $34.84 and a 12 month high of $43.20. The business’s fifty day simple moving average is $38.36 and its two-hundred day simple moving average is $38.76.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. As a group, equities analysts predict that NMI Holdings Inc will post 5.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NMIH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price target on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Barclays lowered their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, Keefe, Bruyette & Woods lowered their price target on NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and an average target price of $42.40.

Institutional Trading of NMI

A number of hedge funds have recently bought and sold shares of NMIH. Royal Bank of Canada increased its position in NMI by 20.4% during 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 acquiring an additional 19,857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NMI by 4.5% during 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 acquiring an additional 2,030 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in NMI during the first quarter valued at $256,000. Ashton Thomas Private Wealth LLC purchased a new stake in NMI during the first quarter valued at $203,000. Finally, Jane Street Group LLC increased its position in NMI by 1,312.9% during the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after acquiring an additional 208,287 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.