Key Points
- Bradley Shuster sold 18,996 shares of NMI on March 19 at an average price of $37.05, totaling $703,801.80 and trimming his position by 4.37% to 415,411 shares (about $15.39M).
- NMIH opened at $37.25 (12‑month range $31.90–$43.20) with a $2.83B market cap and a P/E of 7.59; analysts collectively rate the stock a Moderate Buy with a consensus price target of $43.00 after several recent upgrades.
- In the most recent quarter NMI reported EPS of $1.20 versus a $1.17 estimate and revenue of $180.74M, with a 15.78% ROE and a 55.05% net margin; analysts expect about 4.62 EPS for the fiscal year.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) Chairman Bradley Shuster sold 18,996 shares of NMI stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $37.05, for a total value of $703,801.80. Following the transaction, the chairman owned 415,411 shares of the company's stock, valued at $15,390,977.55. The trade was a 4.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NMI Trading Up 0.1%
NMI stock opened at $37.25 on Friday. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. The business's fifty day simple moving average is $38.80 and its two-hundred day simple moving average is $38.52. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.
NMI (NASDAQ:NMIH - Get Free Report) last issued 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 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 last year, the company earned $1.07 earnings per share. As a group, equities analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
NMIH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised shares of NMI from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of NMI in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of NMI from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, January 12th. UBS Group set a $43.00 price objective on shares of NMI in a report on Monday, January 12th. Finally, Barclays upped their price objective on NMI from $43.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.
Read Our Latest Stock Analysis on NMI
Institutional Trading of NMI
A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 437 shares during the period. Maseco LLP bought a new position in shares of NMI in the 4th quarter worth approximately $31,000. IFP Advisors Inc lifted its stake in shares of 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 during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider's stock worth $33,000 after buying an additional 291 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of NMI by 161.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $41,000 after buying an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.
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.
Further Reading
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