Key Points
- Chairman Bradley Shuster sold 19,557 shares of NMI on Feb. 26 at an average price of $39.85 for a total of $779,346.45, reducing his stake by 4.5% to 415,411 shares; the sale was disclosed in an SEC filing.
- NMI beat quarterly EPS estimates ($1.20 vs. $1.17) with revenue essentially in line at $180.74M; the stock trades near $39, has a market cap of about $2.99B and a P/E of 8.01.
- Institutional ownership is very high (94.12%) and analysts are broadly positive—consensus rating is "Moderate Buy" with a $43.00 price target after several recent upgrades and target increases.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) Chairman Bradley Shuster sold 19,557 shares of NMI stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $39.85, for a total transaction of $779,346.45. Following the transaction, the chairman owned 415,411 shares of the company's stock, valued at approximately $16,554,128.35. The trade was a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NMI Stock Down 1.2%
NMIH stock opened at $39.31 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The company's 50 day simple moving average is $39.64 and its 200-day simple moving average is $38.66. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The firm has a market capitalization of $2.99 billion, a PE ratio of 8.01, a P/E/G ratio of 1.10 and a beta of 0.64.
NMI (NASDAQ:NMIH - Get Free Report) 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 return on equity of 15.78% and a net margin of 55.05%.During the same period in the previous year, the firm posted $1.07 EPS. Equities analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in NMI by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,317,436 shares of the financial services provider's stock valued at $176,111,000 after acquiring an additional 28,569 shares during the period. American Century Companies Inc. lifted its stake in shares of 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 valued at $91,242,000 after purchasing an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of NMI by 5.6% during 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 purchasing an additional 106,400 shares during the period. Geode Capital Management LLC grew its holdings in shares of NMI by 0.3% during 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 purchasing an additional 5,274 shares during the period. Finally, Frontier Capital Management Co. LLC increased its position in NMI by 3.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider's stock worth $47,251,000 after purchasing an additional 42,436 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of NMI from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NMI in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and upped their target price for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. Barclays increased their target price on NMI from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 6th. Finally, UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.
Read Our Latest Report on NMIH
NMI Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
