Key Points
- NMIH executive sale: EVP Robert Owen Smith sold 12,000 shares at an average price of $44.65, generating $535,800. His remaining stake totaled 96,381 shares, an 11.07% reduction in ownership.
- Strong quarterly results: NMI reported quarterly earnings of $1.38 per share, exceeding the $1.28 consensus estimate, while revenue rose 8.1% year over year to $187.89 million.
- Positive Wall Street outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $48.33; NMIH shares opened at $44.94 and recently traded near their 52-week high.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) EVP Robert Owen Smith sold 12,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the sale, the executive vice president owned 96,381 shares in the company, valued at $4,303,411.65. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
NMI Stock Up 1.1%
Shares of NASDAQ:NMIH opened at $44.94 on Thursday. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $46.74. The firm's 50 day moving average price is $40.07 and its 200 day moving average price is $39.14. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 1.21 and a beta of 0.54.
NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The company had revenue of $187.89 million during the quarter, compared to analysts' expectations of $156.26 million. During the same quarter in the previous year, the business posted $1.22 EPS. The firm's revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that NMI Holdings Inc will post 5.19 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NMIH. Weiss Ratings raised NMI from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 12th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $47.00 price target on shares of NMI in a report on Monday. Truist Financial upped their price objective on NMI from $49.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $53.00 price objective on shares of NMI in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on NMI from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.33.
Read Our Latest Report on NMIH
Institutional Trading of NMI
Large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in NMI by 20.4% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NMI by 4.5% in the first 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 acquiring an additional 2,030 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of NMI in the first quarter valued at approximately $256,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of NMI during the first quarter worth approximately $203,000. Finally, Jane Street Group LLC grew its position in shares of NMI by 1,312.9% during the first 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. 94.12% of the stock is owned by institutional investors and hedge funds.
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.
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