NMI (NASDAQ:NMIH) EVP Robert Owen Smith Sells 12,000 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Robert Owen Smith sold 12,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the sale, the executive vice president directly owned 96,381 shares of the company’s stock, valued at $4,303,411.65. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

NMI Stock Performance

NASDAQ:NMIH opened at $44.94 on Thursday. The company’s 50-day moving average is $40.07 and its two-hundred day moving average is $39.14. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $46.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.63. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.21 and a beta of 0.54.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The business had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. Analysts forecast that NMI Holdings Inc will post 5.19 EPS for the current year.

Hedge Funds Weigh In On NMI

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of NMI by 0.8% during 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. Van Berkom & Associates Inc. boosted its holdings in 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 valued at $82,234,000 after purchasing an additional 106,400 shares during the period. Geode Capital Management LLC grew its stake in NMI by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after purchasing an additional 5,274 shares in the last quarter. Bank of America Corp DE grew its stake in NMI by 22.7% during the 1st 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 in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in NMI by 10.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock worth $32,000,000 after purchasing an additional 73,695 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NMIH shares. UBS Group set a $46.00 price target on NMI in a research note on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 price objective on shares of NMI in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $47.00 target price on shares of NMI in a research note on Monday. JPMorgan Chase & Co. boosted their price target on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Truist Financial upped their price objective on shares of NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.33.

About NMI

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.