Key Points
- Chairman Bradley Shuster sold $694,142.08 worth of NMI stock (18,976 shares) on March 12 at an average of $36.58, trimming his ownership by 4.37% to 415,411 shares (≈$15.2M).
- NMI beat quarterly EPS estimates ($1.20 vs. $1.17) with revenue roughly in line ($180.74M) and reported strong profitability (net margin 55.05%), while analysts forecast about 4.62 EPS for the fiscal year.
- The stock traded near $37.06 (down 0.2%) amid heavy institutional ownership (94.12%), and analysts have a consensus Moderate Buy rating with an average price target of $43.00 (some targets raised up to $48).
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) Chairman Bradley Shuster sold 18,976 shares of NMI stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $36.58, for a total transaction of $694,142.08. Following the completion of the sale, the chairman directly owned 415,411 shares of the company's stock, valued at approximately $15,195,734.38. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NMI Stock Down 0.2%
Shares of NASDAQ:NMIH traded down $0.07 during trading on Friday, reaching $37.06. 109,075 shares of the stock were exchanged, compared to its average volume of 481,287. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The stock has a fifty day moving average of $39.11 and a two-hundred day moving average of $38.60. 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 firm has a market cap of $2.82 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63.
NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to analysts' expectations of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same quarter last year, the firm earned $1.07 EPS. Research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NMI
Several institutional investors have recently bought and sold shares of NMIH. Royal Bank of Canada increased its position in NMI by 20.4% in the first quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider's stock worth $4,221,000 after buying an additional 19,857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NMI by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider's stock valued at $1,683,000 after buying an additional 2,030 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of NMI during the 1st quarter worth $256,000. Ashton Thomas Private Wealth LLC bought a new position in shares of NMI during the 1st quarter worth $203,000. Finally, Jane Street Group LLC increased its holdings in NMI by 1,312.9% in the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider's stock worth $8,081,000 after acquiring an additional 208,287 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. UBS Group set a $43.00 price objective on NMI in a research note on Monday, January 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NMI in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised NMI from a "market perform" rating to an "outperform" rating and increased their price target for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. JPMorgan Chase & Co. lifted their price target on NMI from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, January 12th. Finally, Barclays boosted their price objective on NMI from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research 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 company's stock. According to MarketBeat, NMI has a consensus rating of "Moderate Buy" and an average price target of $43.00.
View Our Latest Stock Analysis on NMIH
About NMI
(
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.
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