Key Points
- NMI Holdings director Michael Curry Montgomery sold 1,554 shares on May 19 at an average price of $37.90, reducing his stake by 2.2% to 69,026 shares.
- The company recently beat quarterly expectations, reporting EPS of $1.28 versus $1.22 expected and revenue of $183.48 million versus $153.99 million forecast.
- Wall Street remains cautiously positive, with four analysts rating NMI a Buy and one Hold, resulting in a consensus rating of “Moderate Buy” and an average price target of $42.40.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) Director Michael Curry Montgomery sold 1,554 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the sale, the director owned 69,026 shares of the company's stock, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NMI Stock Performance
Shares of NMIH opened at $38.25 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $38.36 and a two-hundred day simple moving average of $38.76. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.30 and a beta of 0.59. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20.
NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $183.48 million during the quarter, compared to analysts' expectations of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. On average, analysts expect that NMI Holdings Inc will post 5.15 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Barclays reduced their price target on NMI from $44.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. Weiss Ratings restated a "buy (b)" rating on shares of NMI in a research report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their price target on NMI from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods reduced their price target on NMI from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.
Check Out Our Latest Stock Analysis on NMIH
Hedge Funds Weigh In On NMI
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of NMI by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider's stock worth $163,237,000 after acquiring an additional 34,372 shares during the period. American Century Companies Inc. boosted its stake in shares of NMI by 5.8% in the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider's stock worth $91,242,000 after acquiring an additional 130,002 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of NMI by 5.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider's stock worth $82,234,000 after acquiring an additional 106,400 shares during the period. Geode Capital Management LLC boosted its stake in shares of NMI by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider's stock worth $80,887,000 after acquiring an additional 5,274 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of NMI by 22.7% in the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider's stock worth $48,937,000 after acquiring an additional 241,724 shares during the period. Institutional investors own 94.12% of the company's stock.
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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