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 company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $36.58, for a total transaction of $694,142.08. Following the sale, the chairman owned 415,411 shares of the company’s stock, valued at $15,195,734.38. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NMI Price Performance

Shares of NMI stock opened at $37.31 on Friday. The company’s fifty day simple moving average is $39.05 and its two-hundred day simple moving average is $38.58. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. The firm has a market cap of $2.84 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

Institutional Trading of NMI

Institutional investors and hedge funds have recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in NMI during the 2nd quarter valued at $13,245,000. Exchange Traded Concepts LLC purchased a new position in shares of NMI in the third quarter worth $1,926,000. Public Sector Pension Investment Board raised its stake in shares of NMI by 5.4% in the third quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock worth $22,906,000 after purchasing an additional 30,341 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of NMI during the second quarter valued at $1,298,000. Finally, Jump Financial LLC lifted its holdings in shares of NMI by 184.6% during the second quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock valued at $8,156,000 after purchasing an additional 125,401 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NMIH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. JPMorgan Chase & Co. boosted their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. UBS Group set a $43.00 target price on NMI in a report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Finally, Barclays lifted their price target on shares of NMI from $43.00 to $44.00 and gave the company 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 issued a Hold rating to the company. According to MarketBeat, NMI 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.