Key Points
- NMIH EVP Aurora Swithenbank sold 11,662 shares at an average price of $44.51, generating approximately $519,076. Her remaining stake fell 18.69% to 50,734 shares.
- NMI Holdings reported quarterly EPS of $1.38, beating expectations of $1.28, while revenue of $187.89 million exceeded estimates and increased 8.1% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $48.33, while institutional investors own 94.12% of NMIH’s outstanding stock.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) EVP Aurora Swithenbank sold 11,662 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the completion of the sale, the executive vice president owned 50,734 shares of the company's stock, valued at $2,258,170.34. This represents a 18.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NMI Price Performance
Shares of NMIH opened at $44.88 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $46.74. The stock has a market cap of $3.38 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.20 and a beta of 0.54. The stock's 50-day moving average price is $40.94 and its two-hundred day moving average price is $39.37.
NMI (NASDAQ:NMIH - Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. The company had revenue of $187.89 million during the quarter, compared to analyst estimates of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 EPS. On average, equities analysts predict that NMI Holdings Inc will post 5.23 earnings per share for the current year.
Wall Street Analysts Forecast Growth
NMIH has been the subject of several recent analyst reports. Weiss Ratings raised shares of NMI from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 12th. Truist Financial lifted their price target on shares of NMI from $49.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $47.00 price target on shares of NMI in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on shares of NMI from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, UBS Group set a $46.00 price objective on NMI in a research note on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.33.
Check Out Our Latest Stock Report on NMIH
Hedge Funds Weigh In On NMI
Several institutional investors have recently modified their holdings of the business. Bessemer Group Inc. boosted its holdings in shares of NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider's stock valued at $40,000 after buying an additional 272 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of NMI by 35.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider's stock worth $47,000 after acquiring an additional 301 shares during the period. Evolve Private Wealth LLC raised its holdings in shares of NMI by 1.6% during the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider's stock worth $732,000 after acquiring an additional 302 shares during the period. GAMMA Investing LLC lifted its position in NMI by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 310 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in NMI by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider's stock valued at $2,958,000 after acquiring an additional 328 shares in the last quarter. 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.
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