Key Points
- Director Michael Embler sold 20,000 NMIH shares on Nov. 19 at an average price of $36.90, yielding $738,000 and cutting his position by 30.28% to 46,046 shares (≈$1.70M).
- NMIH reported quarterly EPS of $1.21 (matching estimates) with revenue of $171.56M (up 7.6% YoY but below consensus); the stock trades at a P/E of 7.87, market cap ≈$2.89B, and carries a consensus rating of "Moderate Buy" with an average target of $41.20.
- Institutional investors own 94.12% of NMIH, though recent institutional activity cited in the report involved relatively small stake changes.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) Director Michael Embler sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the director owned 46,046 shares in the company, valued at $1,699,097.40. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NMI Stock Performance
Shares of NMIH opened at $37.62 on Tuesday. The stock has a 50 day moving average of $37.15 and a 200 day moving average of $38.59. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.17 and a beta of 0.63. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.
NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.21. NMI had a return on equity of 16.08% and a net margin of 55.02%.The firm had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same quarter in the prior year, the company earned $1.15 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.
Institutional Trading of NMI
Hedge funds and other institutional investors have recently modified their holdings of the business. Maseco LLP purchased a new stake in shares of NMI during the 2nd quarter valued at approximately $32,000. Harbor Capital Advisors Inc. raised its holdings in NMI by 51.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 291 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of NMI during the second quarter worth $36,000. Neo Ivy Capital Management bought a new position in shares of NMI in the first quarter worth $47,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of NMI in the first quarter valued at $48,000. Institutional investors own 94.12% of the company's stock.
Analyst Ratings Changes
A number of research firms recently issued reports on NMIH. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, November 5th. Weiss Ratings restated a "buy (b)" rating on shares of NMI in a research note on Wednesday, October 8th. Finally, Barclays reaffirmed a "cautious" rating on shares of NMI in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.20.
Check Out Our Latest Analysis on NMIH
NMI Company Profile
(
Get Free Report)
NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.
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