NMI (NASDAQ:NMIH) Chairman Bradley Shuster Sells 18,996 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 18,996 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $37.05, for a total transaction of $703,801.80. Following the transaction, the chairman directly owned 415,411 shares of the company’s stock, valued at approximately $15,390,977.55. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NMI Stock Performance

NMI stock opened at $37.25 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $38.80 and a 200-day moving average of $38.52. The firm has a market cap of $2.83 billion, a P/E ratio of 7.59, a P/E/G ratio of 1.03 and a beta of 0.63. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20.

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

Institutional Trading of NMI

A number of hedge funds and other institutional investors have recently modified their holdings of NMIH. Rockefeller Capital Management L.P. lifted its position in NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 301 shares during the period. River Road Asset Management LLC purchased a new stake in NMI in the fourth quarter worth about $15,104,000. Mercer Global Advisors Inc. ADV increased its stake in shares of NMI by 63.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,816 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 7,280 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in shares of NMI by 3.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 36,365 shares of the financial services provider’s stock valued at $1,408,000 after purchasing an additional 1,084 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of NMI during the fourth quarter valued at approximately $417,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.