NMI Holdings, Inc. (NASDAQ:NMIH) Chairman Bradley M. Shuster Sells 12,836 Shares of Stock

NMI Holdings, Inc. (NASDAQ:NMIHGet Free Report) Chairman Bradley M. Shuster sold 12,836 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $30.53, for a total transaction of $391,883.08. Following the transaction, the chairman now directly owns 427,271 shares in the company, valued at $13,044,583.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NMI Stock Performance

NMIH stock opened at $30.42 on Tuesday. The company has a market capitalization of $2.47 billion, a P/E ratio of 8.24, a PEG ratio of 0.71 and a beta of 1.10. The company has a 50-day simple moving average of $29.73 and a 200 day simple moving average of $28.57. NMI Holdings, Inc. has a fifty-two week low of $20.61 and a fifty-two week high of $32.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On NMI

Institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. acquired a new stake in NMI in the fourth quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new stake in NMI in the 1st quarter valued at about $33,000. Quarry LP acquired a new stake in NMI in the 2nd quarter valued at about $34,000. TFO Wealth Partners LLC lifted its holdings in NMI by 24,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in NMI by 45.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 627 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NMIH. Bank of America began coverage on shares of NMI in a report on Tuesday, October 17th. They issued a “buy” rating and a $33.00 price target on the stock. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Barclays assumed coverage on shares of NMI in a research note on Wednesday, November 15th. They set an “overweight” rating and a $37.00 target price for the company. UBS Group assumed coverage on shares of NMI in a research report on Wednesday, December 6th. They set a “buy” rating and a $36.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of NMI from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $33.86.

View Our Latest Stock Report on NMI

NMI Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

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