NMI (NASDAQ:NMIH) EVP Aurora Swithenbank Sells 11,662 Shares

NMI Holdings Inc (NASDAQ:NMIH) EVP Aurora Swithenbank sold 11,662 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president directly owned 50,734 shares of the company’s stock, valued at $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NMI Trading Up 1.1%

Shares of NMIH opened at $44.88 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.20 and a beta of 0.54. The stock has a fifty day moving average price of $40.94 and a two-hundred day moving average price of $39.37. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $46.74.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The company had revenue of $187.89 million for the quarter, compared to analysts’ expectations of $156.26 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts predict that NMI Holdings Inc will post 5.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on NMIH. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $47.00 price objective on shares of NMI in a research report on Monday, August 3rd. Truist Financial upped their target price on shares of NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 price target on shares of NMI in a research note on Tuesday, August 4th. UBS Group set a $46.00 price target on shares of NMI in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.33.

Institutional Trading of NMI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NMIH. Allworth Financial LP raised its stake in shares of NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after buying an additional 437 shares during the last quarter. IFP Advisors Inc boosted its stake in NMI by 189.5% in the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 521 shares during the last quarter. Pacer Advisors Inc. grew its holdings in NMI by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 372 shares during the period. Bessemer Group Inc. grew its holdings in NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 272 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 620 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.