Norman Peter Fitzgerald Sells 20,000 Shares of NMI Holdings, Inc. (NASDAQ:NMIH) Stock

NMI Holdings, Inc. (NASDAQ:NMIH) EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NMI Trading Up 0.8 %

NMIH traded up $0.27 during trading on Tuesday, hitting $35.96. 572,666 shares of the stock traded hands, compared to its average volume of 495,296. The firm has a market capitalization of $2.82 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. 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 50-day moving average of $36.85 and a 200 day moving average of $38.59. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NMI by 23.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,780 shares of the financial services provider’s stock worth $6,021,000 after acquiring an additional 30,607 shares in the last quarter. Virtus Fund Advisers LLC grew its stake in shares of NMI by 43.7% in the fourth quarter. Virtus Fund Advisers LLC now owns 3,714 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,129 shares during the period. Virtus Investment Advisers Inc. grew its stake in shares of NMI by 13.8% in the fourth quarter. Virtus Investment Advisers Inc. now owns 42,806 shares of the financial services provider’s stock worth $1,574,000 after acquiring an additional 5,200 shares during the period. State of Wyoming grew its stake in shares of NMI by 14.9% in the fourth quarter. State of Wyoming now owns 14,096 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 1,831 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of NMI in the fourth quarter worth approximately $202,000. 94.12% of the stock is currently owned by institutional investors.

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.