Insider Selling: NMI (NASDAQ:NMIH) Chairman Sells $2,179,650.00 in Stock

NMI Holdings Inc (NASDAQ:NMIH) Chairman Bradley Shuster sold 55,000 shares of NMI stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the transaction, the chairman directly owned 415,411 shares of the company’s stock, valued at approximately $16,462,737.93. This trade represents a 11.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NMI Price Performance

Shares of NMIH opened at $39.04 on Friday. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The firm has a market capitalization of $2.97 billion, a PE ratio of 7.95, a PEG ratio of 1.07 and a beta of 0.64. The company’s 50-day moving average is $39.77 and its 200-day moving average is $38.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $1.07 earnings per share. Equities analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Hedge Funds Weigh In On NMI

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after buying an additional 437 shares in the last quarter. Maseco LLP acquired a new stake in shares of NMI during the 4th quarter valued at $31,000. IFP Advisors Inc increased its holdings in NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 521 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in NMI in the 2nd quarter worth about $36,000. Finally, Harbor Capital Advisors Inc. raised its position in NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 291 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NMIH has been the subject of several recent research reports. UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Finally, Barclays upped their price target on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NMI has an average rating of “Moderate Buy” and a consensus target price 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.