Insider Selling: NMI (NASDAQ:NMIH) Director Sells 1,554 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the sale, the director owned 69,026 shares in the company, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NMI Price Performance

Shares of NMI stock traded up $0.45 on Wednesday, hitting $38.25. 450,951 shares of the company traded hands, compared to its average volume of 486,069. The firm’s 50-day simple moving average is $38.37 and its 200 day simple moving average is $38.75. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.91 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.33 and a beta of 0.59. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $183.48 million for the quarter, compared to analysts’ expectations of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. Analysts expect that NMI Holdings Inc will post 5.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on NMIH. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Barclays decreased their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NMIH. Allworth Financial LP raised its holdings in shares of NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares during the last quarter. Maseco LLP purchased a new position in shares of NMI during the fourth quarter valued at approximately $31,000. IFP Advisors Inc raised its holdings in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 272 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 620 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Company Profile

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.