Key Points
- CEO Adam Pollitzer sold 172,706 NMI Holdings shares at an average price of $44.85, generating approximately $7.75 million. His direct ownership fell by 38.99% to 270,267 shares.
- NMI reported quarterly earnings of $1.38 per share, exceeding analyst expectations of $1.28, while revenue of $187.89 million surpassed estimates and increased 8.1% year over year.
- Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $48.33; institutional investors own 94.12% of the company.
NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) CEO Adam Pollitzer sold 172,706 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer directly owned 270,267 shares of the company's stock, valued at approximately $12,121,474.95. This represents a 38.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NMI Trading Down 1.2%
NMI stock opened at $44.83 on Friday. The firm has a 50 day simple moving average of $43.49 and a 200-day simple moving average of $40.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $3.37 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74.
NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, equities research analysts expect that NMI Holdings Inc will post 5.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. River Road Asset Management LLC bought a new stake in shares of NMI during the 4th quarter worth $15,104,000. Sei Investments Co. grew its holdings in shares of NMI by 46.9% in the 1st quarter. Sei Investments Co. now owns 81,673 shares of the financial services provider's stock worth $3,064,000 after acquiring an additional 26,059 shares during the last quarter. Bank of America Corp DE raised its position in shares of NMI by 22.7% during 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 purchasing an additional 241,724 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of NMI by 16.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 338,434 shares of the financial services provider's stock worth $12,695,000 after purchasing an additional 47,891 shares during the period. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of NMI by 70.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 38,600 shares of the financial services provider's stock valued at $1,574,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors own 94.12% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on NMIH shares. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $47.00 price objective on shares of NMI in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on NMI from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $53.00 price target on shares of NMI in a research report on Tuesday, August 4th. Weiss Ratings raised shares of NMI from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 12th. Finally, Truist Financial upped their price target on shares of NMI from $49.00 to $51.00 and gave the company a "buy" rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.33.
Get Our Latest Stock Analysis on NMI
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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