Key Points
- Chairman Bradley Shuster sold 18,953 shares of NMI on March 24 at an average price of $37.35, generating about $707,895 and reducing his ownership by 4.36% to 415,411 shares (≈$15.52M).
- Company fundamentals and analyst sentiment are positive: NMI has a $2.83B market cap, trailing P/E of 7.58, reported Q earnings of $1.20 EPS (beating estimates), institutional ownership of ~94.12%, and an average analyst rating of “Moderate Buy” with a $43 target.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) Chairman Bradley Shuster sold 18,953 shares of NMI stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $37.35, for a total transaction of $707,894.55. Following the completion of the transaction, the chairman directly owned 415,411 shares of the company's stock, valued at $15,515,600.85. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NMI Price Performance
Shares of NASDAQ:NMIH opened at $37.22 on Thursday. The company has a market cap of $2.83 billion, a PE ratio of 7.58, a P/E/G ratio of 1.02 and a beta of 0.63. 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 50-day simple moving average of $38.70 and a 200 day simple moving average of $38.44. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16.
NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The firm had revenue of $180.74 million for the quarter, compared to analysts' expectations of $180.69 million. During the same quarter last year, the company posted $1.07 earnings per share. On average, sell-side analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.
Institutional Investors Weigh In On NMI
A number of hedge funds have recently made changes to their positions in NMIH. Allworth Financial LP boosted its position in NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider's stock worth $25,000 after acquiring an additional 437 shares during the period. Maseco LLP acquired a new stake in NMI in the fourth quarter worth about $31,000. IFP Advisors Inc grew its position in NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider's stock valued at $32,000 after buying an additional 521 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider's stock valued at $33,000 after buying an additional 291 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider's stock valued at $41,000 after buying an additional 620 shares during the period. Institutional investors own 94.12% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NMIH. Barclays raised their price target on NMI from $43.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 6th. UBS Group set a $43.00 target price on NMI 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. JPMorgan Chase & Co. boosted their price target on shares of NMI from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, January 12th. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $46.00 to $48.00 in a research report on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.00.
View Our Latest 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.
Further Reading
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