NMI Holdings, Inc. (NASDAQ:NMIH) EVP Sells $38,381.52 in Stock

NMI Holdings, Inc. (NASDAQ:NMIH) EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NMI Trading Up 0.8 %

Shares of NMI stock traded up $0.27 during midday trading on Tuesday, reaching $35.96. The company had a trading volume of 572,666 shares, compared to its average volume of 495,296. The stock has a fifty day moving average price of $36.85 and a 200 day moving average price of $38.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a market cap of $2.82 billion, a PE ratio of 8.12, a P/E/G ratio of 1.41 and a beta of 1.12. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, equities analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on NMIH. UBS Group decreased their target price on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Monday. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.29.

Hedge Funds Weigh In On NMI

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of NMI by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after acquiring an additional 39,503 shares during the period. State Street Corp increased its holdings in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after purchasing an additional 35,351 shares in the last quarter. American Century Companies Inc. increased its holdings in NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after purchasing an additional 145,591 shares in the last quarter. FMR LLC increased its holdings in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after purchasing an additional 107,771 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its holdings in NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock worth $48,077,000 after purchasing an additional 337,996 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.