Insider Selling: NMI (NASDAQ:NMIH) EVP Sells $519,075.62 in Stock

NMI Holdings Inc (NASDAQ:NMIH) EVP Aurora Swithenbank sold 11,662 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president owned 50,734 shares of the company’s stock, valued at approximately $2,258,170.34. The trade was a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NMI Trading Up 1.1%

Shares of NMIH traded up $0.48 during trading hours on Wednesday, hitting $44.88. The stock had a trading volume of 332,978 shares, compared to its average volume of 487,025. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74. The firm has a market cap of $3.38 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The company’s fifty day simple moving average is $40.94 and its 200 day simple moving average is $39.37.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. Equities research analysts forecast that NMI Holdings Inc will post 5.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on NMIH shares. UBS Group set a $46.00 target price on shares of NMI in a research report on Friday, May 22nd. Truist Financial lifted their price target on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 price objective on shares of NMI in a research note on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $47.00 target price on shares of NMI in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus price target of $48.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new stake in NMI during the 2nd quarter valued at $36,262,000. Bank of New York Mellon Corp bought a new position in NMI during the 2nd quarter worth approximately $20,919,000. Wedge Capital Management L L P NC grew its position in shares of NMI by 2.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 162,159 shares of the financial services provider’s stock worth $6,663,000 after acquiring an additional 3,586 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of NMI by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 310 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of NMI by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.