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 that occurred on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the sale, the director owned 69,026 shares of the company’s stock, valued at $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NMI Stock Performance

NASDAQ NMIH traded up $0.45 during trading hours on Wednesday, hitting $38.25. 450,951 shares of the company’s stock traded hands, compared to its average volume of 486,069. The business’s fifty day moving average price is $38.37 and its two-hundred day moving average price is $38.75. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.91 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.33 and a beta of 0.59. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On NMI

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of NMI by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock valued at $163,237,000 after acquiring an additional 34,372 shares during the period. American Century Companies Inc. increased its stake in NMI by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after buying an additional 130,002 shares during the period. Van Berkom & Associates Inc. increased its stake in NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after buying an additional 106,400 shares during the period. Geode Capital Management LLC increased its stake in NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after buying an additional 5,274 shares during the period. Finally, Bank of America Corp DE increased its stake in NMI by 22.7% in the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after buying an additional 241,724 shares during the period. Hedge funds and other 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.