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 NMI 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 completion of the transaction, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NMI Trading Down 1.1 %

NMI stock opened at $35.57 on Thursday. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49. The company’s fifty day moving average price is $36.81 and its two-hundred day moving average price is $38.58. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 8.03, a PEG 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.

NMI (NASDAQ:NMIH) last issued 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 net margin of 55.32% and a return on equity of 17.33%. On average, analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Institutional Trading of NMI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NMIH. Creative Planning grew its stake in shares of NMI by 13.4% in the third quarter. Creative Planning now owns 20,006 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 2,357 shares during the last quarter. Donald Smith & CO. Inc. grew its position in NMI by 11.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider’s stock worth $39,949,000 after purchasing an additional 97,125 shares during the last quarter. Farther Finance Advisors LLC grew its position in NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,950 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of NMI during the 3rd quarter worth about $820,000. Finally, Assetmark Inc. raised its position in shares of NMI by 5.3% during the third quarter. Assetmark Inc. now owns 78,168 shares of the financial services provider’s stock valued at $3,220,000 after buying an additional 3,938 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

About NMI

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.